1. Track Everything
although you’ve got to work fast when you are using day trading methods it is worth taking the time to write everything down. This will enable to to tweak a marginal system into a profitable one and make all the difference to your bottom line. A simple spreadsheet recording your position, the signal(s) and the opening and closing prices is enough during trading. If In Doubt, Keep Out
This is a widely known trading and investment rule. Don’t gamble on something that nearly fits your system but not actually. It may work once but over the long run this will lead to disaster. There is possibly a reason why the system is set up for the signals that it has and if the market doesn’t fit, don’t force it. similarly if you’re sick or under stress about another area of your life, it can be better to stay away from the market, particularly while you are still a relative noob. There will be other and better chances to learn day trading when you are feeling in peak condition.
Tags: currency trading, day trading, forex software, forex strategy, forex tips, Forex Trading, learn forex, trading system
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