What do you do before trading?

[nehmer]

There are a lot of people who prepares something or anything that can help us in their trading. This things are essential for professional traders since all the trades they do is for the sake of getting more profit. I usually watch first anime movies to calm my mind before trading.

[chuna1985]

Before i trade, i check the trading sequences that has taken place in the previous trading sessions. It is also important for traders to always read the news to find out whether a trend has already been changed.out whether a trend has already been changed.

[luke1]

Before trading, start to open my computer, and after that, going to the Meta Trader platform.. ;)
Actually we need to read many things before trading, and see the last report in a week. Reading the Forex Calendar in this month.
Also, sharing with other traders.

[JoeltonsInv]

I used to chase the markets those early days but now I start off my trading by checking the news list and actually reading some, then I take down some data and do some calculations on the currency pairs I intend trading on. After that I chart my graphs at MT4 and only after analyzing the graph and reconciling the earlier swings will I then place an order! I told time in arriving at this trading pattern and I am liking the greens it turns up!

[chuna1985]

@ JoeltonsInv : Checking the news is a good idea in forex trading. It helps a trader to find out the events that are already gone by in forex trading in the other sessions before we come to trade.

[nehmer]

Before i trade, i check the trading sequences that has taken place in the previous trading sessions. It is also important for traders to always read the news to find out whether a trend has already been changed.out whether a trend has already been changed.


Before trading, start to open my computer, and after that, going to the Meta Trader platform.. ;)
Actually we need to read many things before trading, and see the last report in a week. Reading the Forex Calendar in this month.
Also, sharing with other traders.


I used to chase the markets those early days but now I start off my trading by checking the news list and actually reading some, then I take down some data and do some calculations on the currency pairs I intend trading on. After that I chart my graphs at MT4 and only after analyzing the graph and reconciling the earlier swings will I then place an order! I told time in arriving at this trading pattern and I am liking the greens it turns up!

good for you guys you really are doing your best in making a good trade in forex. I am making sure that that i am at peace first before i trade for some traders they will think that i am having fun only but that is my way to compensate the things that is lost and to prepare myself in trading not more in calculations :D

[Hoang Long]

The first thing I do before trading that is check economic calendar, if there have news with high impact then I will note it down and analysis if it's tradeable news. After that is the time for Technical analysis, I will analysis the market on many time frame to have ideal about the possible trend.

[chuna1985]

@ Hoang Long : That is correct. In forex trading, we can check the economic calender in order to find out the news that will be released before we opened those trades. It will help us to set our market orders and know when to exit.

[nahiyar]

As I am a student, so I read the books and complete my home assignment before sitting in front of computer.When I sit for computer, so before opening any new position, first of all, I open the economic calender in "Forex Factory", and see weather is there any important news?? If yes, so I wait till that time and trade at that time.If there is a big time remaining for the news release, so I start scalping and lose positions after making only 3-5 pips..

[nehmer]

The first thing I do before trading that is check economic calendar, if there have news with high impact then I will note it down and analysis if it's tradeable news. After that is the time for Technical analysis, I will analysis the market on many time frame to have ideal about the possible trend.

pls help me hoanglong i want to know what is the major news that has high impact in this image i cannot identify which is high impact here http://i737.photobucket.com/albums/xx18/zuaigomez/forexcalendar.png

i want to try this economic calendar before i trade inorder to do that i need to know how this works.

[chuna1985]

pls help me hoanglong i want to know what is the major news that has high impact in this image i cannot identify which is high impact here http://i737.photobucket.com/albums/xx18/zuaigomez/forexcalendar.png

i want to try this economic calendar before i trade inorder to do that i need to know how this works.

I have checked your link, but i do not see the name of the economic news that was released. Try and show the news name since it will aid a trader to assist you in solving your problem.

[chuna1985]

how would i identify that this is an economic news so that by next time i would know and would start trading there from the start of my day. i just cannot understand this graphs presented

Every news that is released has a name like nfp, interest rate, cpi, etc. So try and find out the name of the news before you know about the kind of effect that it has in the forex trading market. Try and find out the name.

[nahiyar]

how would i identify that this is an economic news so that by next time i would know and would start trading there from the start of my day. i just cannot understand this graphs presented

I already told you that the boxes showing the red,yellow and orange colors are all the economic news.They give the impact to the market.But, the Red box news is so much high impact news.It gives a big impact to the market than compared to yellow and orange boxes news..

[nehmer]

I already told you that the boxes showing the red,yellow and orange colors are all the economic news.They give the impact to the market.But, the Red box news is so much high impact news.It gives a big impact to the market than compared to yellow and orange boxes news..

Ok I will watch for the red impact in the economic news but how would you execute this economic news into your trade account would you trade when the news release or wait for the actual effect on the market?

[Hoang Long]

I think traders must keep their mind clear and fresh before trading so they can have a clear view about the market condition as well as react or keep their calm in case bad thing happen, do not spend time to look at the chart on the time you will feel tired.

[nahiyar]

Ok I will watch for the red impact in the economic news but how would you execute this economic news into your trade account would you trade when the news release or wait for the actual effect on the market?

If the news is from AU,CA,NZ or GBP, so I trade immediately after reading the actual numbers.The news from these countries give a right track to the market.But, if news is from USA, so I never trade at that point, and wait for 30 minutes to see a particular trend in market..

[nehmer]

If the news is from AU,CA,NZ or GBP, so I trade immediately after reading the actual numbers.The news from these countries give a right track to the market.But, if news is from USA, so I never trade at that point, and wait for 30 minutes to see a particular trend in market..

how come you trade AU,CA,NZ or GBP fast in this currencies? and how come you trade slow in US made news? whats the catch on this is there anything that i did not know off? or there is something in this currencies that is making this instant and slow in delivering in the market.

[itune]

Before entering in trading i always prefer to watch charts and indicators to decide the market trend and acts like it. It is necessary for me to judge the market before entering in it so as to make a good profit from market. My correct analysis makes me confident during trading hours and makes me calm and comfortable.

[Hoang Long]

Before entering in trading i always prefer to watch charts and indicators to decide the market trend and acts like it. It is necessary for me to judge the market before entering in it so as to make a good profit from market. My correct analysis makes me confident during trading hours and makes me calm and comfortable.

Yeah, all traders did do that. Before trading we must at least have some senses about what happened in past few hours so we can try predict what may happen next. Thou all traders practice the same step but the result may not the same. Each trader at different level.

[nehmer]

Yeah, all traders did do that. Before trading we must at least have some senses about what happened in past few hours so we can try predict what may happen next. Thou all traders practice the same step but the result may not the same. Each trader at different level.

I heard of that people also they study the past charts or the last 24 hr chart to be able to determine the right time to trade and give them insight on what trend might be coming next.

[JoeltonsInv]

I heard of that people also they study the past charts or the last 24 hr chart to be able to determine the right time to trade and give them insight on what trend might be coming next.
That is the underlying principle the pivot point works on and it works perfectly well for all the currency pairs especially at the beginning of the early hours of the time frame used. Any day without surprising news, the market is seen to react to this study like magic!

[Hoang Long]

I heard of that people also they study the past charts or the last 24 hr chart to be able to determine the right time to trade and give them insight on what trend might be coming next.

I cannot answer your question with my knowledge but next poster did it and I think he said right, I learned from it also :D


That is the underlying principle the pivot point works on and it works perfectly well for all the currency pairs especially at the beginning of the early hours of the time frame used. Any day without surprising news, the market is seen to react to this study like magic!

I guess that strategy do great on Monday because there hardly ever have news release on that day. I afraid Monday trading but I guess I will try what I can do with this strategy, on Demo account certainly :D

[nahiyar]

I guess that strategy do great on Monday because there hardly ever have news release on that day. I afraid Monday trading but I guess I will try what I can do with this strategy, on Demo account certainly :D

News are released every day of the week, even on the Saturday and Sunday, when market is closed.There are always some data released from different countries on each day.however, it is possible that the news released have not so much impact on market, and therefor,do not let the traders to make the profits..

[Hoang Long]

News are released every day of the week, even on the Saturday and Sunday, when market is closed.There are always some data released from different countries on each day.however, it is possible that the news released have not so much impact on market, and therefor,do not let the traders to make the profits..

News released everyday around the world thou it was schedule or not but as Forex traders we just need to pay attention to high impact news with tradeable and legal as market mover. Otherwise, just ignore it since it worth nothing for trading.

[chuna1985]

I also try to relax myself when i am trading. This attitude helps me to have a clear mind the next time that i am going to take a trading decision in my trades, it will be easier and clearer.

[Hoang Long]

I also try to relax myself when i am trading. This attitude helps me to have a clear mind the next time that i am going to take a trading decision in my trades, it will be easier and clearer.

Yes, keep clear mind is what trader must do so he can have a clear view about the market and will not forget what he learned as well as his mistake. If trader just think about money and profit then I doubt that he can do good with his trades.

[nahiyar]

For last few days, I am realizing that I should not trade for a long time at once.It gives me mentally pressure, and confuses me so much.Whenever I open the PC, so I trade for around 5 hours at one time, which is now headaching me.We must take some rest during the trading, and release the mind pressure..

[JoeltonsInv]

These days after much studies, I no longer trade for trading sake, I already set up some support or resistance levels or trendlines and patiently wait until the levels are duely confirmed before taking a position, otherwise I simply stay out!

[andry777]

If we want to start trading, first we should learn how to trade well. If we have learned how to trade well, then it could be good starting point to practice in trading platform, we can implement it and we could try the effectiveness of our theories.

[nahiyar]

These days after much studies, I no longer trade for trading sake, I already set up some support or resistance levels or trendlines and patiently wait until the levels are duely confirmed before taking a position, otherwise I simply stay out!

I trade against your trading strategy.If the market does not break resistance level, or holds the support level, so I open immediately a new position at that time.Generally, market never crosses any resisting or support level at first attempt.It attacks again and again to break any level, and after few attacks, it gets succeed to break those levels..

[nehmer]

I cannot answer your question with my knowledge but next poster did it and I think he said right, I learned from it also :D



I guess that strategy do great on Monday because there hardly ever have news release on that day. I afraid Monday trading but I guess I will try what I can do with this strategy, on Demo account certainly :D

wow I have not though to of that so the trend is going with the most of the things with the chart analysis alone? I do not think that it would be good to do that since we cannot predict the market that way ^^ more like guessing the trend only without news we cannot do analysis properly.

[chuna1985]

These days after much studies, I no longer trade for trading sake, I already set up some support or resistance levels or trendlines and patiently wait until the levels are duely confirmed before taking a position, otherwise I simply stay out!

I also do not trade for trading sake, i make sure that i get a clear signal before i open any trades for myself. This has helped to improve my patience and discipline in the forex exchange field.

[nehmer]

I also do not trade for trading sake, i make sure that i get a clear signal before i open any trades for myself. This has helped to improve my patience and discipline in the forex exchange field.

so just watch the market? or do you read news also? Signals is very hard to determine that is why I do use my bollinger bands that would serve as my support and resistance above and below so that I would know if the signal that I came up is still going to be a good one.

[nahiyar]

so just watch the market? or do you read news also? Signals is very hard to determine that is why I do use my bollinger bands that would serve as my support and resistance above and below so that I would know if the signal that I came up is still going to be a good one.

We can not avoid the importance of news these days.The market is so much being effected by news now, so just watching the market can not help us.News are itself indicators, and can give a particular trend to the market..

[chuna1985]

I Nehmer : I watch the forex trading market and open trades with it. I can now check the news from time to time to know whether the incoming news will affect my trades or make it more profitable.

[nehmer]

now i started my real trading again . What i did before i trade is i ready all the things i need what i use before. The indicators that will give me news on all currency is now installed in my mt4 now i can check the news without going on the site.

[Hoang Long]

wow I have not though to of that so the trend is going with the most of the things with the chart analysis alone? I do not think that it would be good to do that since we cannot predict the market that way ^^ more like guessing the trend only without news we cannot do analysis properly.

It's not guessing actually, it's proper analysis the market and kind of the same as naked trading, the market in most time showed respect to those lines more than you can image, despite whichever strategy that I am using I always draw those lines to the chart and take it as consider for entries points.

[andry777]

We can not avoid the importance of news these days.The market is so much being effected by news now, so just watching the market can not help us.News are itself indicators, and can give a particular trend to the market..

Yes, it's important to get updates information about news which will happen and we must predict the response of market because of that news. It's important to keep on looking scheduled news before we did technical analysis or naked trading. We can avoid market when there is news or we can take advantages to it. That will depend on your style of trading.

[nehmer]

Yes, it's important to get updates information about news which will happen and we must predict the response of market because of that news. It's important to keep on looking scheduled news before we did technical analysis or naked trading. We can avoid market when there is news or we can take advantages to it. That will depend on your style of trading.

We have all the updates on the news events that is happening around the corner we all have the problem to solve and analyze it to the fullest of our knowledge by that we can know the possible trend preparing also on how much money you are going to risk is very important to a trader.

[andry777]

We have all the updates on the news events that is happening around the corner we all have the problem to solve and analyze it to the fullest of our knowledge by that we can know the possible trend preparing also on how much money you are going to risk is very important to a trader.

It is important to know the update news in forex because we must know the right time to trade right? With looking news which will happen everyday from scheduled news site, we can prepare the right time to start trading. If we didn't like news, so we must avoid when there is high impact news and if we are news traders, we must wait when it was nearly appearing.

[Jinx]

It is important to know the update news in forex because we must know the right time to trade right? With looking news which will happen everyday from scheduled news site, we can prepare the right time to start trading. If we didn't like news, so we must avoid when there is high impact news and if we are news traders, we must wait when it was nearly appearing.

Although news plays a role in market movement, doesn't mean it is something you only have to either fight or flight it. Many traders trade through news release time without even paying attention to it and more than just survive. Remember, trading successfully is a matter of internal control, something within yourself. And news is something external.

[andry777]

Although news plays a role in market movement, doesn't mean it is something you only have to either fight or flight it. Many traders trade through news release time without even paying attention to it and more than just survive. Remember, trading successfully is a matter of internal control, something within yourself. And news is something external.

But high impact news will give great impact to market movement so you shouldn't only control your emotion/psychology but you must know how to make analysis. It is useless if you can control your emotion but you can't make good analysis. If you want to survive in forex, it's not only using your lucky guess. If you didn't pay attention to news, so how could you get profits during news?

[chuna1985]

To check all the time frames and see what happened previously in the trading market is one of the things that every trader needs to do. Success in forex trading can be gotten from knowing the past events in the forex market.

[nahiyar]

To check all the time frames and see what happened previously in the trading market is one of the things that every trader needs to do. Success in forex trading can be gotten from knowing the past events in the forex market.

That is what exactly I do before opening any new position in any pair.Generally, I like to check the M1 and M5 charts, because these are the best frames for making the 10-20 pips profits.Analyzing the market before entering into trade is so much important for every trader.We can judge after seeing the graph that what is the right place and price to open the new position..

[andry777]

To check all the time frames and see what happened previously in the trading market is one of the things that every trader needs to do. Success in forex trading can be gotten from knowing the past events in the forex market.

It is no need to check all time frames before we entered to forex market. We only need to check few time frames which we will use in trading, no need to check all time frames first before we entered to market. If all time frames, from M5 to H4, show same direction that will be nice but no need to wait all time frames in the same direction.

[chuna1985]

@ andry777: Of course we check the time frames that we trade in, and not all the time frames in most cases. The scalper does not have anything to do with weekly time frame when he is making analysis to open his trades.

[radex78]

It is no need to check all time frames before we entered to forex market. We only need to check few time frames which we will use in trading, no need to check all time frames first before we entered to market. If all time frames, from M5 to H4, show same direction that will be nice but no need to wait all time frames in the same direction.I think the style of different traders, will also differ in viewing timeframe, in my opinion, the swing trader will see a big-time frmae such as daily and monthly, and the smallest timeframe that is used for entry is 1 hour time frame, but for the day traders, might be time frame big is 4 hours or 1 hour, and saw the timeframesmallest is 15 minutes, and for scalping, it may be more focused on the timeframe, 5 minutes,just my opinion

[nehmer]

At least the good thing you need to do is to have a positive mindset before trading starts a good positive mindset would set things easier for you to cope up. Know what time frame you are going to use and what strategy to deploy.

[nahiyar]

At least the good thing you need to do is to have a positive mindset before trading starts a good positive mindset would set things easier for you to cope up. Know what time frame you are going to use and what strategy to deploy.

We always need to start trading with calm and fresh mind.We should be free of emotions and greed when we are going to start trading.We must see the previous hours market movement and right place to open the position.If we are trying to make few pips, so we should analyze the lower time frame to understand market situation easily.

[chuna1985]

We always need to start trading with calm and fresh mind.We should be free of emotions and greed when we are going to start trading.We must see the previous hours market movement and right place to open the position.If we are trying to make few pips, so we should analyze the lower time frame to understand market situation easily.Seeing the past market movements in forex trading is very important. For instance if we trade in the london session, before opening any trades, we will first look into the asia session and see what happened there before we open any trade.

[nahiyar]

Seeing the past market movements in forex trading is very important. For instance if we trade in the london session, before opening any trades, we will first look into the asia session and see what happened there before we open any trade.

Since Asian markets are the opening session for the whole day, so these markets have also an important role in giving the direction to the market.After it, every new starting market session also follows the previous market session trend.but it does not happen always.Sometimes, the European markets buy the USD, while on same day, The US markets sell the USD.SO we must check also the starting trading movement of every market..

[nehmer]

We always need to start trading with calm and fresh mind.We should be free of emotions and greed when we are going to start trading.We must see the previous hours market movement and right place to open the position.If we are trying to make few pips, so we should analyze the lower time frame to understand market situation easily.

I think i do not need to see the very old data of the charts since i am only focused on the data that is present to me. I just let my indicators tell me what to do and how i should see the old data.

[Hoang Long]

Seeing the past market movements in forex trading is very important. For instance if we trade in the london session, before opening any trades, we will first look into the asia session and see what happened there before we open any trade.

well said that Seeing the past market movements in forex trading is very important, we cannot see into the future anyways so predict the market depends on what happen in the past seem like the only way, use the past to predict the future as many people saying, we cannot get the future movement with 100% accuracy but at least, we do not trade like guessing.

[nehmer]

well said that Seeing the past market movements in forex trading is very important, we cannot see into the future anyways so predict the market depends on what happen in the past seem like the only way, use the past to predict the future as many people saying, we cannot get the future movement with 100% accuracy but at least, we do not trade like guessing.

that is why we do analysis first to prevent guessing games in forex its not good as a trader to guess and guess more on the market it will not help build up your account balance to a more steady amount.

[chuna1985]

that is why we do analysis first to prevent guessing games in forex its not good as a trader to guess and guess more on the market it will not help build up your account balance to a more steady amount.
Of course, we have to do analysis as the first thing that is required if we are to trade the forex market successfully through the opening and closing of trades in our trading terminal/platform.

[nehmer]

reading blogs or news in forex factory is a good advantage also for a trader with great mindset. I usually would find a good mentor to at least tell the newbie what to do before trading start finding people you can trust and rely on.

[nahiyar]

reading blogs or news in forex factory is a good advantage also for a trader with great mindset. I usually would find a good mentor to at least tell the newbie what to do before trading start finding people you can trust and rely on.

Blogs in Forex Factory?? I have never seen any blog in that forum.I have been using it only for three purposes, watching the Economic Calendar, reading the news and searching the forums, and all these quite helped me in my Forex trading.Whenever I start trading, I must see at Economic Calendar to save my account from any news effect..

[radex78]

Blogs in Forex Factory?? I have never seen any blog in that forum.I have been using it only for three purposes, watching the Economic Calendar, reading the news and searching the forums, and all these quite helped me in my Forex trading.Whenever I start trading, I must see at Economic Calendar to save my account from any news effect..I also visited the site froexfactory customarily, is to read the schedule economic calendar for the purposes of market analysis, but not always I do it, sometimes prefer to deal directly with chart and trade by giving the risk limits,

[Jinx]

But high impact news will give great impact to market movement so you shouldn't only control your emotion/psychology but you must know how to make analysis. It is useless if you can control your emotion but you can't make good analysis. If you want to survive in forex, it's not only using your lucky guess. If you didn't pay attention to news, so how could you get profits during news?

Learn to think "outside the box," my friend.

High impact news may give great impact to market movement, but the resulted movement doesn't go to the same direction every time.

Let say you have open a Buy position when the high impact news resulted in great bearish movement. If you have place your SL at the usual position relative to your Entry, you'll loose just as much as usual. If you hedge your Buy position, then you will profit as usual. And vice versa if you have open a Sell position. Unless you are a scalper, what good does monitoring high impact news which will give great impact to market movement do to your strategy in the long run? Not much.

Even when there is no news, what do you think could happen if you let your emotion/psychology running unchecked? You'll buy when the price goes up and reverse it the next couple of minutes when price goes down -- because your emotion tells you that the trend is changing -- only to reverse it again five minutes later when the price goes up again -- because your psychology scolded you as stupid for not holding the forth when all the sign clearly showed up -- then reverse it again and again and again -- for the fear of loosing more money and the hope to reclaim your losses so far. You'll loose your equity in the end nonetheless. Can you blame the so called high impact news when this is happening when there is no news at all? Don't tell me that this kind of situation will never happens since your emotion/psychology only running wild during high impact news.

On the other hand, whether there is news or not, whether it is high impact or no impact at all, if you don't know how to make analysis, you have no business in forex trading let alone hoping to make even a cent!

How to get profits during news? Why should I? Unless I'm a news-based trader, my profit comes from following my strategy to the letter, news notwithstanding. Sometimes it came during news, many times it came long before or after any news.

You have putting news upon a pedestal and surrounded yourself with a thousand feet tall wall, my friend. Like I said, "Learn to think outside the box."

[chuna1985]

www.forex-fundamental-analysis.com is a site that we can use before we trade especially when it comes to the news released and also to know what likely events that we might see in the forex trading market that day.

It is good in news trading since the site will give us a hint to find out whether this pair will be bullish or bearish depending on the news.

[nehmer]

Blogs in Forex Factory?? I have never seen any blog in that forum.I have been using it only for three purposes, watching the Economic Calendar, reading the news and searching the forums, and all these quite helped me in my Forex trading.Whenever I start trading, I must see at Economic Calendar to save my account from any news effect..

lol did you see that i said "or" i said that blogs can help you also inform traders on what news come out. Plus the things that you see in the calendar of forex factory which is updated every time the news is released.

[chuna1985]

To be relaxed and have a good control of our emotions is actually the main way that we can ensure that we close in profits when we trade. If a trader wakes up and they are not happy or content, they will not be able to trade forex successfully due to little silly mistakes that they make.

[radex78]

To be relaxed and have a good control of our emotions is actually the main way that we can ensure that we close in profits when we trade. If a trader wakes up and they are not happy or content, they will not be able to trade forex successfully due to little silly mistakes that they make.

think quiet is good preparation, sometimes we rush in to do the transaction because it affected the price movement of a fake, always the focus and concentration by observing the area of ​​support and resistance may go round good preparation before the open any order

[nehmer]

A cup of coffee is good before we trade. A good thing for us to relax and make our mind comfortable on the things that would make our trades serious and profitable at least there is no factor of emotion if you loose since you are conditioned already.

[chuna1985]

A cup of coffee is good before we trade. A good thing for us to relax and make our mind comfortable on the things that would make our trades serious and profitable at least there is no factor of emotion if you loose since you are conditioned already.
A cup of coffee is good for a trader that likes coffee. It helps some people to calm down but i am unable to do so in my use of it. It is not sweet like the other things i use to relax like cocoa cola bottled drink.

I try to have information about past market events when i want to trade.

[radex78]

My preparation before entering the market usually read the pattern of the candle and see the schedule of the economy calendar, and look at the margin to be adjusted with the lot size, and to limit risk, and when it entered the market, sometimes I hear my favorite music to accompany trade

[nehmer]

My preparation before entering the market usually read the pattern of the candle and see the schedule of the economy calendar, and look at the margin to be adjusted with the lot size, and to limit risk, and when it entered the market, sometimes I hear my favorite music to accompany trade

why dont you install a plug in so that you do not need to go to fxfactory and see the next news event it lessens your load on time and you can focus as well in the char saves you time also.

I make sure that the noise level is down before i trade i close my television and radio all concentration needs to be focused on trading.

[nehmer]

It is my habit, after determining the stop loss and target points, I do not really pay attention to chart a few moments, then monitor a few moments later, trade with hearing music makes me feel more relaxed, which would be obtained regardless of the outcome I would accept it

you can watch you favorite tv shows while trading i usually have a pc and a laptop on my table and do watch while waiting for the good signal in my alerts at least i would have fun while waiting for the lousy news to come out.

[radex78]

make the mind stay calm by listening to music or watch tv, making us more to have patience than chase price, before getting a good entry signal, and before make-decision, see the news may be required as filter before determine the trend

[nehmer]

make the mind stay calm by listening to music or watch tv, making us more to have patience than chase price, before getting a good entry signal, and before make-decision, see the news may be required as filter before determine the trend

filter all the news events according to the currrency that you like is a good idea also at least for that day you will be able to see what will be the best action to take with more news on the particular currency the more chance you would win a good trade.

[radex78]

filter all the news events according to the currrency that you like is a good idea also at least for that day you will be able to see what will be the best action to take with more news on the particular currency the more chance you would win a good trade.Yes i think beside it , we get experience trade with news , we can make observation,what is news will affected with moving price some currency or not , more better if we take note for each that event , so we can learn about previous news with recently news

[nehmer]

I do believe that it is essential to fully start counting what is in your book and calculating some of your expenses may it be yesterday trading or the other week learn to budget your time and learn to make use of it.

[radex78]

For me before trading usualy look schedule calendar economy to see news that will released , and for first preparation is how much my risk that i am ready to bear , then i will monitored the chart for some time to determine trend direction , then put stop loss and target point for each entry

[nehmer]

as much as possible when i determine already the trend of the market for that day i will put sometimes the trailing stop to prevent the sudden movement backwards of the market at least it will maximize my profits in trading.

[radex78]

as much as possible when i determine already the trend of the market for that day i will put sometimes the trailing stop to prevent the sudden movement backwards of the market at least it will maximize my profits in trading.trailing stop is good feature to maximize profit and minimize loss, but for use this feature , we need always turn on our computer , because trailing stop running in our metatrader,but if we put stop loss , that number stop loss already noted by broker , so if computer in turn off , stop loss still work

[nehmer]

trailing stop is good feature to maximize profit and minimize loss, but for use this feature , we need always turn on our computer , because trailing stop running in our metatrader,but if we put stop loss , that number stop loss already noted by broker , so if computer in turn off , stop loss still work

yes why else would you trade turning off your computer its good to turn it on for more progress on the account at least by that time you are already ready on what to do on your day trading. At least before you trade get a credit card it will will then secure your profits if you put the money directly there preferably a master card.

[radex78]

yes why else would you trade turning off your computer its good to turn it on for more progress on the account at least by that time you are already ready on what to do on your day trading. At least before you trade get a credit card it will will then secure your profits if you put the money directly there preferably a master card.Talk about credit card to withdraw , i don't have credit card or master card, so far i just use libertyreserve to withdraw, and back to topic before trade usualy i am open the chart and wait platform loading full

[learvy]

My answer to this to this topic is by reading the latest news about forex and review all my loses and remembering what ive done wrong before so i could not do it all over again. having a peace of mind is one of my preparations too.

[radex78]

My answer to this to this topic is by reading the latest news about forex and review all my loses and remembering what ive done wrong before so i could not do it all over again. having a peace of mind is one of my preparations too.calm the mind will make the plan better and not rush to make decisions that might be wrong, it's also good preparation before throwing the order into the forex market, with a calm mind, we are also willing to accept losses that have been measured in the plan

[nehmer]

My answer to this to this topic is by reading the latest news about forex and review all my loses and remembering what ive done wrong before so i could not do it all over again. having a peace of mind is one of my preparations too.

yes at least making multiple plans first is essential for this with it at hand im sure it would be easy enough to trade on forex with one plan fail you can execute another one again.

[radex78]

yes at least making multiple plans first is essential for this with it at hand im sure it would be easy enough to trade on forex with one plan fail you can execute another one again.Trading plan, I think it is absolutely necessary, this could be related to the plan targets to be achieved, the highest risk which is ready to bear , the strategy to be used, I think the plan is the preparation before trading also

[strawberry]

Trading plan, I think it is absolutely necessary, this could be related to the plan targets to be achieved, the highest risk which is ready to bear , the strategy to be used, I think the plan is the preparation before trading also

Certainly plan number one, but for me it's coffee and snacks must be prepared to accompany before trading:)

[ekajoey]

Certainly plan number one, but for me it's coffee and snacks must be prepared to accompany before trading:)
i thinks its possibles..
so then with coffee and snacks we can get more inspiration when we are in market forex..
just makes sure thats became our planning..

[nehmer]

Certainly plan number one, but for me it's coffee and snacks must be prepared to accompany before trading:)

yes that true you need to feed your mind first I do believe that with a greater mindset you would be able to conquer all hardships in trading you can think well also it would be a good start.

[radex78]

Certainly plan number one, but for me it's coffee and snacks must be prepared to accompany before trading:)That's just another way for us to enjoy coffee and snacks, although indeed with it, a trader can be more relaxed in thinking, and disposing of boredom due to price changes in the forex market which may not correspond to our expectations

[rookie001]

I used to be a ****er for disney land. Hyips and investment world was a disney land for me after internet marketing, drop-shipping and data entry. Oooh ... have I come a long way. But I am very glad and complacent that I found the way. And I remember all the good people in every sphere who helped me a lot ... I am the most indebted to those companions, mates and comrades who were in the same boat with me and helped me. Those who were left behind now behave as if envious and I am sorry that I can't copy all my knowledge and paste it in their minds ... so I try to shed the load of those graces by helping others. God help me.

[nehmer]

That's just another way for us to enjoy coffee and snacks, although indeed with it, a trader can be more relaxed in thinking, and disposing of boredom due to price changes in the forex market which may not correspond to our expectations

most likely if you have exercise tools in your home you can do anything and just exercise while watching the market or the trend of it at least you are doing two things the same time.

[radex78]

@rookie001...what do you talking about guys , i don't understand at all . i think you shed your felt about your trip in business online world , i guess you is smart businessman , or smart trader , that is can i see in your post if you have long experienced in forex world,but what habit you do before trade?

[android]

a little observation of the news and of course reviews of the strategy you would employ, should be the basic things we should do before trading specially for us who are still learning how to trade successfully. it is not easy to get the right strategy for trading.

[radex78]

a little observation of the news and of course reviews of the strategy you would employ, should be the basic things we should do before trading specially for us who are still learning how to trade successfully. it is not easy to get the right strategy for trading.i think for intraday trader or scalping trader , will look schedule calendar economy just to know some news that may be in high impact , then they will out from the market if they think the news will make loss for them . but maybe for swing trader , they will look major trend with see high timefrmae like as weekly to determine the trend before throw any order

[nehmer]

I usually set my timer that is on my computer so that it would alert me the time high impact news comes in by that it will be an advantage for me to trade forex i can prepare what is coming and make it favorable to my account.

[radex78]

I usually set my timer that is on my computer so that it would alert me the time high impact news comes in by that it will be an advantage for me to trade forex i can prepare what is coming and make it favorable to my account.I think that is good to remind news schedule , you will wake up if hearing alarm from your clock , for me just visit the site forexfactory to read schedule calencar economy , but still often just read the chart patern before decide entry the order , thogh even impact news can moving price i big pips , but usualy if trading news just used small lot size

[hope7812]

It is advisable to check the updates of what's going on the currencies in guiding which currencies are hot or not. News can greatly affect the moves of currencies. Check also your previous forex trades if you loss. Review them.

[radex78]

It is advisable to check the updates of what's going on the currencies in guiding which currencies are hot or not. News can greatly affect the moves of currencies. Check also your previous forex trades if you loss. Review them.that is good if we look in previous trade to fix our mistake , and ffor this actiopn , i think we should have journal trading , but i am never make journal , just remember in my mind if i get mistake , usualy my mistake is want to revenge if faced with several loss , or use big lost size just imagined profit quick

[ms blue eyes]

before i start trade i open forexfactory and i see what news of today and after that i see what happened in the chart last day and last knight and open 15 min chart if there is support or resistance and start buy and sell for 25 pip stoploss and targit.

[android]

calm the mind will make the plan better and not rush to make decisions that might be wrong, it's also good preparation before throwing the order into the forex market, with a calm mind, we are also willing to accept losses that have been measured in the plan

having a calm mind is very much important. you won't not be able to succeed in trading if you are always worried of losing. we should make sure we learn well our tactic and try to trust what we have learned and not be overcome by fear.

[idomalord]

Apart from using charts and indicators before i doing anything i say a word of prayer because He knows the unknown and at dat moment instead of feelin 2 confident abt my amalysis

[android]

Apart from using charts and indicators before i doing anything i say a word of prayer because He knows the unknown and at dat moment instead of feelin 2 confident abt my amalysis

yes i do pray also and hope that i would get the right choice of order so that i would earn something. and i would try to prepare myself for loss also . so that it will be easy for me to take the loss and that i would not be discourage to keep on learning.

[radex78]

For fundamental trader , i think they will serach the news before they enter in the market , and some trader use forexfactory to looking calendar economy schedule to read news that will be released,sometime news impact is high and make price moving after or before news released , but usualy after news , and for some trader technical based always read about news released just as early warning for them , then if they think news will released is high impact , they will stay away from the market

[pinoycity]

and i would try to prepare myself for loss also . so that it will be easy for me to take the loss and that i would not be discourage to keep on learning.

But wouldn't that make you less inspired to trade, if you will psyche up yourself to prepare for losses? I know that it is also important to prepare yourself for an eventuality of a loss but how much effect do this give to you when you trade?

[strawberry]

before i start trade i open forexfactory and i see what news of today and after that i see what happened in the chart last day and last knight and open 15 min chart if there is support or resistance and start buy and sell for 25 pip stoploss and targit.

I usually print a schedule of weekly news from forexfactory and taped on the wall above the computer screen.
So every time I open chart, once in a while I see a schedule news :)

[radex78]

I usually print a schedule of weekly news from forexfactory and taped on the wall above the computer screen.
So every time I open chart, once in a while I see a schedule news :)That is good atitude i think , for me just visit the site then read it , if i see any news high impact , that will given priority before thow any order , but sometime i am go to dailyfx to read some news and analisys the market update

[nehmer]

That is good atitude i think , for me just visit the site then read it , if i see any news high impact , that will given priority before thow any order , but sometime i am go to dailyfx to read some news and analisys the market update

its better that you filter it radex so that there would be no confusion on other currency pairs and use forex factory site they have better facilities there for us traders. Before i trade i make sure to deposit the money that is needed to trade most of the time i empty out the broker balance and wait for the right time to trade.

[radex78]

its better that you filter it radex so that there would be no confusion on other currency pairs and use forex factory site they have better facilities there for us traders. Before i trade i make sure to deposit the money that is needed to trade most of the time i empty out the broker balance and wait for the right time to trade.Beside about best time to trade , in my opinion is not less important if about exit point , and exit point is the end key with our order , profit or loss is depending with exit point , , sometime we get good entry point , but we to late in exit point and price reverese back and make loss in account

[strawberry]

I usually read some market news first before trading. I read many sources, most major news and market analysis from FBS typically are updated every day.

[radex78]

I usually read some market news first before trading. I read many sources, most major news and market analysis from FBS typically are updated every day.Its good habit i think if we always read news or calendar economy schedule , we can know if will release news , high , medium or low impact , so we can learn how impact the news to the price movement , i am just sometime to do like it , and often just with look the chart

[nehmer]

I usually read some market news first before trading. I read many sources, most major news and market analysis from FBS typically are updated every day.


its better that you get an updated at least that would be easy for you to view the news. The faster release the better for us to make more and not get behind on the latest actual data that you can imagine. The faster you know the better you will be able to calculate and analyze what you need to do.

[radex78]

its better that you get an updated at least that would be easy for you to view the news. The faster release the better for us to make more and not get behind on the latest actual data that you can imagine. The faster you know the better you will be able to calculate and analyze what you need to do.Yes , for fundamental trader know new update early time will give fast action to make decision , but i think sometime we feel doubt with actual news released , still have question how high effect news to the narket , and sometime the trader still hold their finger to click order and wait in clear time

[andry777]

Its good habit i think if we always read news or calendar economy schedule , we can know if will release news , high , medium or low impact , so we can learn how impact the news to the price movement , i am just sometime to do like it , and often just with look the chart

That's right. It's important thing to make it habit (reading economic calendar news), no matter we are fundamentalist or technicalist because it will be good reference for us about when is time for us to trade or stop trading. News will give high impact in movement of price (oftenly medium and high impact news) so it's important too if we paid attention on it.

[m4nc1us]

I was do nothing before, but now I inspired of this side of bussines and I actively learning about it in many forums I checking news and events :)

[kreencakep]

I must check the correct address about my broker. because many broker not shown the address and become scammer. Becarefull to choice broker which will you use to trade.

[andry777]

I must check the correct address about my broker. because many broker not shown the address and become scammer. Becarefull to choice broker which will you use to trade.

If about choosing good broker for trading, that was so important thing because it will be useless to trade well if we didn't choose good brokers. We could be cheated, to choose good brokers then you could see its regulation. If that was regulated brokers so it was trusted and also you should know how many years the broker has been built, if it was more than 3 years then it will be safe enough.

[nehmer]

I was do nothing before, but now I inspired of this side of bussines and I actively learning about it in many forums I checking news and events :)

checking the news events are the most common things that the trader needs to do before trading we make sure that our analysis is always there and are correct in some way or another we are able to identify the potential trend we do not need to be lazy anymore we have to make sure that all of the things we do is for profit.

[radex78]

checking the news events are the most common things that the trader needs to do before trading we make sure that our analysis is always there and are correct in some way or another we are able to identify the potential trend we do not need to be lazy anymore we have to make sure that all of the things we do is for profit.Yes , i am agree if we should have pay attention to the news schedule , so we can learn about fundamental analisys with our own view , usualy in economy calendar , we will read actual , forecast and previous , and usualy it write by number , we can learn how impact the news to the price after we know actual data , forexcast data and previous data , we can make observation

[andry777]

Yes , i am agree if we should have pay attention to the news schedule , so we can learn about fundamental analisys with our own view , usualy in economy calendar , we will read actual , forecast and previous , and usualy it write by number , we can learn how impact the news to the price after we know actual data , forexcast data and previous data , we can make observation

That's right. We should take a look on news calendar because high impact news will make differences on price and it could make movement of price in trending condition. We should prepare when it is happening so we could use proper strategy and we could prepare risk management too.

[nehmer]

Sometimes i do the paper thing first and make sure that i use the calculator and some of the tools in metatrader to determine some of the good entry points to trade i must make sure that there will be points where i enter so that i can put already the pending orders that will be executed.

[andry777]

My suggestion, it's better to determine our target and what style that we want to use in trading. Then we should prepare risk management (SL and TP) so when we made mistakes, we won't lose too much. After that, we can determine which session to be used with our style and we should take a look on news.

[internetgoodies]

Well i would say before trading forex,i usually take a walk through various online forex news and forum to get more latest.this would help in calming your nerves down and prepare you towards taking the bold step in trading.also i don't forget to chat with friends online which is also good for that moment.again before i trade forex,i check my internet connection to make sure every thing is intact,then i would eventually trade.but if you don't know what to do for the main time,please just take a nap for like 10 minute,after then you can start trading forex without any stress.lastly you may also decide to play video games with your computer before trading.

[andry777]

Well i would say before trading forex,i usually take a walk through various online forex news and forum to get more latest.this would help in calming your nerves down and prepare you towards taking the bold step in trading.also i don't forget to chat with friends online which is also good for that moment.again before i trade forex,i check my internet connection to make sure every thing is intact,then i would eventually trade.but if you don't know what to do for the main time,please just take a nap for like 10 minute,after then you can start trading forex without any stress.lastly you may also decide to play video games with your computer before trading.

If about news, I think you can take a look on news site only. No need to take a look on forum too, but you must make sure to get news from site which is quick in gaining update news. And then, you can make analysis based on news which you got. And about chat to friend before trading, what is the usage of that?

[radex78]

Internet connection , sometime my internet connection is quiet slow , so in this condition i am just trade with order pending , and not forget to put target point and stop loss , and if internet connectrion in slow i am not have intention to being scalper , and read news , i just read it and will back to my chart to make decision ,

[nehmer]

Well i would say before trading forex,i usually take a walk through various online forex news and forum to get more latest.this would help in calming your nerves down and prepare you towards taking the bold step in trading.also i don't forget to chat with friends online which is also good for that moment.again before i trade forex,i check my internet connection to make sure every thing is intact,then i would eventually trade.but if you don't know what to do for the main time,please just take a nap for like 10 minute,after then you can start trading forex without any stress.lastly you may also decide to play video games with your computer before trading.


thats good at least you get a scoop on what others are doing in their trade and make it an advantage on your end making a good decision on making a better analysis on the market we just need more people and more advices so that it will be a good one for us to trade the more they are agreeing to each other the best it is for us.

[radex78]

thats good at least you get a scoop on what others are doing in their trade and make it an advantage on your end making a good decision on making a better analysis on the market we just need more people and more advices so that it will be a good one for us to trade the more they are agreeing to each other the best it is for us.
Yes , its good if before trading we read news and other opinion in forex forum , we can read analisys by expert before we make decision , trading forex is high risk , and have preparation before throw order in the market through forum or site provided news , i think its good to filtering analisys before make conclusion decision

[nehmer]

Yes , its good if before trading we read news and other opinion in forex forum , we can read analisys by expert before we make decision , trading forex is high risk , and have preparation before throw order in the market through forum or site provided news , i think its good to filtering analisys before make conclusion decision

yes dont forget to prepare also the tools that you will need on your analysis and on your trade it is better that we will go forth on the our procedure and check if they are going to be alright on our analysis since there is sometimes miscalculations we need to check at least 3 times on our tools.

[andry777]

yes dont forget to prepare also the tools that you will need on your analysis and on your trade it is better that we will go forth on the our procedure and check if they are going to be alright on our analysis since there is sometimes miscalculations we need to check at least 3 times on our tools.

Of course we should prepare all of our tools to make analysis in forex market because we should use our tools to make analysis and also we should prepare our money management well. It's important to prepare it too because our profit and loss will depend on our money management's setting.

[donjaz1]

WELL,I ALWAYS PRAY AND PLAY WITH MY DEMO VERY WELL BEFORE GOING ONLINE.AND ALSO WHEN A GO ONLINE I READ NEWS FIRST BEFORE AHEADING TO TRADING IN OTHER TO TRADE SAFETY.

[radex78]

yes dont forget to prepare also the tools that you will need on your analysis and on your trade it is better that we will go forth on the our procedure and check if they are going to be alright on our analysis since there is sometimes miscalculations we need to check at least 3 times on our tools.

Yes make check its need to monitored our order , so if we get best exit point , we can close it manualy even though not yet reached target profit , and for others preparation is always use stop loss for minimize losses due we get miscalculations

[donjaz1]

WELL,ANY TIME I WANT TO GO ONLINE,I ALWAY URTER PRAYER FOR SUCCESFUL TRANSACT AND ALSO GIVE TIME PLAYING WITH MY DEMO AFTER THAT I WILL GO ONLINE THEN FIRSTLY WHEN AN ONLINE I READ THE LATEST NEWS OF FOREX AFTER I FINISH WITH THIS I GO AHEAD TRADING.

[andry777]

Yes make check its need to monitored our order , so if we get best exit point , we can close it manualy even though not yet reached target profit , and for others preparation is always use stop loss for minimize losses due we get miscalculations

That is important to prepare our money management and risk management like what you told. And also we should know our own condition, if we are too emotion and we can't control our emotion well then we should stop from trading. So we should prepare our trading plan before we did trading.

[internetgoodies]

That is important to prepare our money management and risk management like what you told. And also we should know our own condition, if we are too emotion and we can't control our emotion well then we should stop from trading. So we should prepare our trading plan before we did trading.

in forex trading,money is a vital element,so some one need to be careful on how he trades his money.one need to be money consious and plan his trade well before pushing the buy or sell button,expecially newbies.you must learn how to manage your money to fit into your trading options.don't over step your boundaries as a newbies.

[andry777]

in forex trading,money is a vital element,so some one need to be careful on how he trades his money.one need to be money consious and plan his trade well before pushing the buy or sell button,expecially newbies.you must learn how to manage your money to fit into your trading options.don't over step your boundaries as a newbies.

It's not money which is vital element in forex because no matter how big your capitals if you don't have good money management so it will be gone in quick time. But oppositely, no matter how small your capitals if you have good money management so it can be used for long time in forex.

[Hoang Long]

Most people prefer to spend time to analysis the market and do all things that they think it's necessary to win a trade. I don't say it is wrong but just not over do it or you will get tired and don not even have chance to put on a trade.

[Tongsing16]

For me before trading I'll relax myself and watch movie in the house and then go trading and seriously do the calm thing like yoga style:cool:

[senger]

All I know about trading the forex market from the market that I can achieve much of the profits from participation in the market, but very dangerous

[nullahfx]

what do you do before trading ?? hmm I like this question...
before trading I always open analytics and market news and the one analytics and market news that I always open is from http://www.fbs.com/analytics/news_markets or from forex forum discussion... it really help me to make a analysis before OP.

[andry777]

Most people prefer to spend time to analysis the market and do all things that they think it's necessary to win a trade. I don't say it is wrong but just not over do it or you will get tired and don not even have chance to put on a trade.

That was okay to make analysis but we should prepare risk management too because there is possibility if our analysis will be wrong so we must prepare something to prevent Margin Call. So we should prepare what could make us profit and loss in trading before we jumped in forex market.

[radex78]

That is important to prepare our money management and risk management like what you told. And also we should know our own condition, if we are too emotion and we can't control our emotion well then we should stop from trading. So we should prepare our trading plan before we did trading.

Well , if we in emotion , its not good force ourself to trading , because we under emotion control that probably will lead risk taker because want get profit fastly , if we in emotion better force ourself to stop trading and awaited next chances , trading forex required calm mind i think

[nahiyar]

Well , if we in emotion , its not good force ourself to trading , because we under emotion control that probably will lead risk taker because want get profit fastly , if we in emotion better force ourself to stop trading and awaited next chances , trading forex required calm mind i think

Absolutely Right.I have observed it three times that whenever I traded in emotions and angry mode, so I always faced the biggest loss.Forex is such a market where our emotions have no worth.For getting success, we will have to trade on the base of analysis and mind thinking, not on emotional basis..

[nehmer]

WELL,ANY TIME I WANT TO GO ONLINE,I ALWAY URTER PRAYER FOR SUCCESFUL TRANSACT AND ALSO GIVE TIME PLAYING WITH MY DEMO AFTER THAT I WILL GO ONLINE THEN FIRSTLY WHEN AN ONLINE I READ THE LATEST NEWS OF FOREX AFTER I FINISH WITH THIS I GO AHEAD TRADING.

wow that is one unusual thing that you do i did do not pray before trading maybe thats why i am loosing because i lack also faith in God maybe sometimes i am going to pray to God so that He would guide me on my trading session for the day and i have no loss most importantly guide my analyis.

[strawberry]

wow that is one unusual thing that you do i did do not pray before trading maybe thats why i am loosing because i lack also faith in God maybe sometimes i am going to pray to God so that He would guide me on my trading session for the day and i have no loss most importantly guide my analyis.

I think we should pray fisrt every time we want to do something. Including forex trading. Before I trade with my fbs, usually I prepare my mp3 list and played them. This make me calm in trading :cool:

[nullahfx]

I think we should pray fisrt every time we want to do something. Including forex trading. Before I trade with my fbs, usually I prepare my mp3 list and played them. This make me calm in trading :cool:


yes sist, pray is the most important thing before do anything,, and sometime I also make a glass of coffee to accompany me to trade in my fbs account.. coffee can help me relax when trading.

[radex78]

I think we should pray fisrt every time we want to do something. Including forex trading. Before I trade with my fbs, usually I prepare my mp3 list and played them. This make me calm in trading :cool:

IOts good habit if before you trade pray first , but beside prayer we also need learn with our previous mistake and built system trading more better , if only praying , i think the God not will safe your account if you made repeatly mistake and price against your order more deeply ,

[nehmer]

I think we should pray fisrt every time we want to do something. Including forex trading. Before I trade with my fbs, usually I prepare my mp3 list and played them. This make me calm in trading :cool:

thats good choosing the best that you can to make your playlist before you trade at least choose from the wide range of songs you have to make yourself stronger when you trade it will make your soul alive and active before you trade in an ever difficult market.

[nullahfx]

thats good choosing the best that you can to make your playlist before you trade at least choose from the wide range of songs you have to make yourself stronger when you trade it will make your soul alive and active before you trade in an ever difficult market.



yeah, that's a good thing to do.. maybe I'll try it before trading with my fbs account... music can make us more relax and give more spirit to trade.. thanks for the share.. ^^

[stefanie]

yeah, that's a good thing to do.. maybe I'll try it before trading with my fbs account... music can make us more relax and give more spirit to trade.. thanks for the share.. ^^

Music can make you relax so it will be good for your psychology and you can be easier to control your emotion but it is important to have good analysis too. It's useless if you can control your emotion well but you can't make good analysis. So good preparation is important thing to do.

[radex78]

yeah, that's a good thing to do.. maybe I'll try it before trading with my fbs account... music can make us more relax and give more spirit to trade.. thanks for the share.. ^^
I guess some trader will listen music during trades , its as entertaintment and will make us more relax and will calm mind, but beside it we need always good in control emotion , how accurate we made analisys if in certain time get loss , don't become eotional and broken our plan

[tagvillagetrade]

You won't believe this but I found two things that would always enhance my trading performance for the day.
1. Is going for a walk in the fresh air as that brings more oxygen to the brain.

2. Meditation or qigong/taichi that would also increase oxygen to the brain and calm down my nerves so would help me to focus more and have better judgement for trading.:cool:

[internetgoodies]

You won't believe this but I found two things that would always enhance my trading performance for the day.
1. Is going for a walk in the fresh air as that brings more oxygen to the brain.

2. Meditation or qigong/taichi that would also increase oxygen to the brain and calm down my nerves so would help me to focus more and have better judgement for trading.:cool:

this steps is cool.taking a walk and meditation is a good exercise for forex traders to include as one of their ingredient to spice up their trading.this would give the brain a rest so as to reduce the panic and fear to trade in the market.you can also visit friends and chat with them a litle to feel relaxe.it definately helps especially to newbies and professionals in the forex trading business.

[radex78]

You won't believe this but I found two things that would always enhance my trading performance for the day.
1. Is going for a walk in the fresh air as that brings more oxygen to the brain.

2. Meditation or qigong/taichi that would also increase oxygen to the brain and calm down my nerves so would help me to focus more and have better judgement for trading.:cool:

That is good idea, but not all trader will doing like that , two ways that you mentoioned is will make us be calm mind , i like with meditation , and i am also ever hear if with meditation , blood flow more smoothly and avoid disruption disease,and if we trade in calm mind we will avoided with high emotional

[nullahfx]

Music can make you relax so it will be good for your psychology and you can be easier to control your emotion but it is important to have good analysis too. It's useless if you can control your emotion well but you can't make good analysis. So good preparation is important thing to do.


I guess some trader will listen music during trades , its as entertainment and will make us more relax and will calm mind, but beside it we need always good in control emotion , how accurate we made analysis if in certain time get loss , don't become emotional and broken our plan



yes,, thank you for your advice,, I'll try to do it before trading,, It's really help me as newbie in forex to be a better trader and get more profit in my fbs account,,, I hope we can reach our success and become a great trader.. ^^

[nullahfx]

You won't believe this but I found two things that would always enhance my trading performance for the day.
1. Is going for a walk in the fresh air as that brings more oxygen to the brain.

2. Meditation or qigong/taichi that would also increase oxygen to the brain and calm down my nerves so would help me to focus more and have better judgement for trading.:cool:



wow,, it's a great things to do before trading,, I never think it before.. :)
walk in the fresh air,,Meditation or qigong/taichi,,will be make us so fresh and relax,, so we can make a good analysis and always calm down while trading.. really good advice, sir.. ^^

[radex78]

wow,, it's a great things to do before trading,, I never think it before.. :)
walk in the fresh air,,Meditation or qigong/taichi,,will be make us so fresh and relax,, so we can make a good analysis and always calm down while trading.. really good advice, sir.. ^^

I think trading forex required in calm mind , and with make our mind to be riles is good since we in trading activity , and with meditation is good if you can do it , its will give you more relax , and fresh in mmind , then you can created your plan and not hurry to make decision

[nullahfx]

I think trading forex required in calm mind , and with make our mind to be riles is good since we in trading activity , and with meditation is good if you can do it , its will give you more relax , and fresh in mmind , then you can created your plan and not hurry to make decision



yes,, forex trading require a calm mind,, because without calm mind we just trading carelessly and without consideration.. like my experience a few months ago, my fbs account got MC. so we must try some relaxing activities before trading to make our mind still calm when trading... :)

[reyah]

If you are still a newbies it is important that you equip yourself with all the knowkedge that you have learned about this program. Plus add a lot of carefullness and present of mind in trading. And just like other said be calm and enjoy trading in forex.

[pinoycity]

And just like other said be calm and enjoy trading in forex.

I think, this is the most important thing to do. When you are relaxed, your mind is confident and can see a lot of things and it can analyze these things more effectively. If it is not relaxed, you tend to become anxious.

[radex78]

I think, this is the most important thing to do. When you are relaxed, your mind is confident and can see a lot of things and it can analyze these things more effectively. If it is not relaxed, you tend to become anxious.

Yes , with calm mind , we can make more acurate analisys , and not just imagine get profit easy , sometime we feel scared too late since we look price likely in strong move , biut if we learn back , some advice said if in price rapidly move , better we awaited bounce and never catch running price because price always up and down , although we fail get profit but we stil have another opportunity

[bulastika]

My routine is opening my demo account. Open a trade just to have my addrinalin going. Then after warm up I will going to open my real account and continue trading using my real account.

[radex78]

My routine is opening my demo account. Open a trade just to have my addrinalin going. Then after warm up I will going to open my real account and continue trading using my real account.

Demo trading can give beneficial to do backtest any strategy , in my view as trader should have system trading that suitable with their soul , and practice in demo account minimal 3 month is enough already how profitable some trading system , its good first preparation . but in real account , indeed will different psychology , but we can control it if we have plan trading

[internetgoodies]

IOts good habit if before you trade pray first , but beside prayer we also need learn with our previous mistake and built system trading more better , if only praying , i think the God not will safe your account if you made repeatly mistake and price against your order more deeply ,

yeah,praying is not a bad idea especially when you believe you will succeed.other than this,you must also equipt your seft with the skills and strategy before your prayer would work.the xmas was really a blow to some people while it was a mess to some people.xmas period is a day of joy to every christian and some muslims brothers.so didnt you used that period to visit your long time friends and family members you have not seen for ages.atleast that would have reduce the stressed and xmas anxiety before trading forex.

[nahiyar]

These days, before starting trading, I visit the news section of FF to make me aware of any previous important news.Then I visit the Economic calendar.If any high impact news is going to be released, so I wait for it, and trade at that time.If there is no news, so I search for a pair which has broken the resistance or support levels.And I follow that new trend of that pair to collect some easy pips..

[bulastika]

Me I don't do news reading anymore. its all in my technical analysis strategy. But sad to say I notice that all technical analysis don't put swap interest on it. Right now I do long term trade and my funds was been eaten by swap fees.

[nahiyar]

Me I don't do news reading anymore. its all in my technical analysis strategy. But sad to say I notice that all technical analysis don't put swap interest on it. Right now I do long term trade and my funds was been eaten by swap fees.

So why do you use the swap account?? You should disable swap, and also, you must read the news before starting the trade, because news are the important factor for moving the market, and they are covered into the fundamental analysis, not into technical analysis..

[nehmer]

So why do you use the swap account?? You should disable swap, and also, you must read the news before starting the trade, because news are the important factor for moving the market, and they are covered into the fundamental analysis, not into technical analysis..

Depending on the trader if he or she wants to use the swap account or not they are able to make sure that they are going to change it if they registered to a swap account or they have not make a swap account on their account they should make sure of this first if they plan to make an account,

[chuna1985]

Depending on the trader if he or she wants to use the swap account or not they are able to make sure that they are going to change it if they registered to a swap account or they have not make a swap account on their account they should make sure of this first if they plan to make an account,

I think you guys are deviating from the real topic, swap account checking or removal is not really the first thing that a trader should do before they trade. They should always base their trading on analysis.

[andry777]

I think you guys are deviating from the real topic, swap account checking or removal is not really the first thing that a trader should do before they trade. They should always base their trading on analysis.

I don't like to use swap account because there is no benefit for me to use swap account. I am day trader so it is no need to use swap for trading, it won't give impact for me because I will open and close position in a day (oftenly). Besides, swap didn't give too high impact (negative or positive) so I don't use it.

[radex78]

Sometime before trading , i will read calendar economy to read any news will released , but sometime i am lack dicipline with that and directly read chart pattern and make decision , but i am try to use cut losses or stop loss to prevent wrong analisys

[purabi]

I used to study the trading market before starting to trade in it .I make a blueprint of my plans and strategies ,sometimes back tests in the demo accounts .After being convinced somewhat i slowly start trading in my real account but yes before i see my mind condition.

[nahiyar]

Before opening any new position, first of all,I make myself aware of any upcoming scheduled economic news.If I can trade with that news, so I do, otherwise I stop trading for at least 30 minutes after the news is released.After that, I see some big pairs in the charts.If any pair is near to the resistance or support levels, so I open the small lot positions at that price with a tight SL, and open some pending positions in the direction where the market will go after breaking the level..

[radex78]

sometime i am only look the market behaviour in the chart , and oipen trade just look in daily tiomeframe as determine the trend major , after open order i will look again later few hours or only running transaction few days ,ignorence the news because sometime news impact just few hours then price back in normally

[andry777]

It is important to prepare good trading plan before you opened position and you should prepare it from demo account because there is no one could trade well in real account if he/she didn't learn in demo account first. And also, good trading plan must be supported with good psychology control. Good money management will make you trade better.

[chuna1985]

It is important to prepare good trading plan before you opened position and you should prepare it from demo account because there is no one could trade well in real account if he/she didn't learn in demo account first. And also, good trading plan must be supported with good psychology control. Good money management will make you trade better.

A good forex currency trading plan is a very good thing for we forex traders. It can help us to excel. Second part of a good trading plan is the act of following it very closely in all our trading decisions.

[nahiyar]

sometime i am only look the market behaviour in the chart , and oipen trade just look in daily tiomeframe as determine the trend major , after open order i will look again later few hours or only running transaction few days ,ignorence the news because sometime news impact just few hours then price back in normally

Analyzing the market in high time frames is very good.However, for opening a position, the daily time frame is very risky and boring, because the daily time frame shows the difference of more than 100 pips in every box.It becomes very hard for the trader to put the right place SL and TP.If you want to open a position on chart base, so I will personally like M30,H1 and H4 charts, because we can accurately see the entry and exit points..

[valexer]

Me, i am not yet in serious trading but maybe the best thing to do before get into trading is to prepare yourself. You should have a free mind. You should relax, enjoy, and do the things you love so that you can bring positive energy as you start forex. This is important because we all know forex can be stressfull at times.

[andry777]

Me, i am not yet in serious trading but maybe the best thing to do before get into trading is to prepare yourself. You should have a free mind. You should relax, enjoy, and do the things you love so that you can bring positive energy as you start forex. This is important because we all know forex can be stressfull at times.

I think you should be serious in trading although you're still learning in forex market. There is no one could become successful trader if he is not serious on learning. You should prepare your strategy from demo account so you had confidency when you did it in real account. At least, you have preparation before you entered in live account.

[radex78]

I think you should be serious in trading although you're still learning in forex market. There is no one could become successful trader if he is not serious on learning. You should prepare your strategy from demo account so you had confidency when you did it in real account. At least, you have preparation before you entered in live account.

I think all kinds bussines required serious to handle it , not only with forex bussines , i think newbie will faced confusion time to buy or sell , because still lack experience and labil in emotion ,demo is good step to start learn , they can explore strategy with new3s and technical analisys

[radex78]

I think you should be serious in trading although you're still learning in forex market. There is no one could become successful trader if he is not serious on learning. You should prepare your strategy from demo account so you had confidency when you did it in real account. At least, you have preparation before you entered in live account.

I think all kinds bussines required serious to handle it , not only with forex bussines , i think newbie will faced confusion time to buy or sell , because still lack experience and labil in emotion ,demo is good step to start learn , they can explore strategy with new3s and technical analisys

[andry777]

I think all kinds bussines required serious to handle it , not only with forex bussines , i think newbie will faced confusion time to buy or sell , because still lack experience and labil in emotion ,demo is good step to start learn , they can explore strategy with new3s and technical analisys

It's no need to be afraid to make mistakes because it's normally happening in forex. There is no one who never made mistakes in forex so we must learn from our mistakes, and we shouldn't be afraid to make mistakes because it's better to make mistakes than we didn't do anything because we are afraid to make mistakes.

[radex78]

Sometime before trading , i will vist forexfactory site to read calendar economy , especially today in friday first week of beginning month , there are NFP news will be released , but i am only will make observatio how impact NFP today , i se before news released price in normal movement

[nahiyar]

Sometime before trading , i will vist forexfactory site to read calendar economy , especially today in friday first week of beginning month , there are NFP news will be released , but i am only will make observatio how impact NFP today , i se before news released price in normal movement

Not only the NFP, but also the Unemployment Rate news was also going to raise.As the both news were much times better than forecast, so the USD got strength, and the EU dropped too much down.Before entering into market, I also waited fr that news, and I immediately opened the Sell position when I read the data..

[purabi]

Sometime before trading , i will vist forexfactory site to read calendar economy , especially today in friday first week of beginning month , there are NFP news will be released , but i am only will make observatio how impact NFP today , i se before news released price in normal movement

yes,for the NFP news today ,the market was little volatile but was indicating a specific direction also as USD slowly became strong.Before trading me also read news from various sites and gather information not only related to the fundamental analysis but also to the technical one.

[andry777]

yes,for the NFP news today ,the market was little volatile but was indicating a specific direction also as USD slowly became strong.Before trading me also read news from various sites and gather information not only related to the fundamental analysis but also to the technical one.

It's not only a little bit volatile but it's very volatile when there is NFP news. It was happening yesterday, the movement of some pairs are unstable. Lets say EUR/USD and GBP/USD, it moved bullish in short time and then it turned into bearish which is stronger than bullish. If you could open position in the right place then you could gain good profit soon.

[omostar]

yes,for the NFP news today ,the market was little volatile but was indicating a specific direction also as USD slowly became strong.Before trading me also read news from various sites and gather information not only related to the fundamental analysis but also to the technical one.
The two news released yesterday was a good news for the US as their unemployment rate decreased and the NFP was sharply increased. The USD has been bearish for so long and thgis may just signify some hope for the USD buyers. So hopefully the USD will start to become bullish again.

[radex78]

The two news released yesterday was a good news for the US as their unemployment rate decreased and the NFP was sharply increased. The USD has been bearish for so long and thgis may just signify some hope for the USD buyers. So hopefully the USD will start to become bullish again.

I see actual data more higher value from previous data , so its good for USD and make these currency arise untill around 40 pips , in GU and EU , but seems its only impact in short time and maybe GU have possibility to bullish again

[nahiyar]

The two news released yesterday was a good news for the US as their unemployment rate decreased and the NFP was sharply increased. The USD has been bearish for so long and thgis may just signify some hope for the USD buyers. So hopefully the USD will start to become bullish again.


I see actual data more higher value from previous data , so its good for USD and make these currency arise untill around 40 pips , in GU and EU , but seems its only impact in short time and maybe GU have possibility to bullish again

The strength of USD in EU and GU was for very short time and the pair bounced back very fast after dropping for more than hundred pips.As the conditions and crisis in Europe are going to be better, and also, the rating agencies have not downgraded or given any negative news about Europe in last few days, so the Euro will keep on rising.If the EU broke the 1.3250 resistance, so we will soon see the 1.3430 in few days..

[omostar]

The EUR/USD may not be the best to trade these days. This is because both economies had had some problems in the few past months and are trying to become better. It may actually be better to trade other crosses like the AUD/USD and the NZD/USD as these other pairs tend to be more stable.

[chuna1985]

It is proper that we forex currency exchange trading business try and check the past new events in forex so that they will be able to know what we should do in forex trading. It helps our trading decisions greatly.

[andry777]

yes , audusd also in bullish tred right now , i am still have open order in these pair , just hope bullish trend will continous untill next week , sometime pair audusd have more higher average compared with GU or EU

It will depend on condition in the market to know if the pair will continue on bullish or not, the main thing which will effect it is condition in USA country and also the effect of NFP in last Friday, if the impact from NFP is still high enough then the market will move into bearish because USD was in good condition last Friday.

[purabi]

It will depend on condition in the market to know if the pair will continue on bullish or not, the main thing which will effect it is condition in USA country and also the effect of NFP in last Friday, if the impact from NFP is still high enough then the market will move into bearish because USD was in good condition last Friday.

Its very simple that the pair which shows bullish can show bearish move due to sudden sell off but if the pair shows strong move due to sustained performance of the USD ,the overall move will be in up for sure.I think its better to see the volume of trading and the charts pattern to have a clear idea about that particular pair move.

[andry777]

Its very simple that the pair which shows bullish can show bearish move due to sudden sell off but if the pair shows strong move due to sustained performance of the USD ,the overall move will be in up for sure.I think its better to see the volume of trading and the charts pattern to have a clear idea about that particular pair move.

The movement of price sometimes couldn't be predicted easily especially when there is high impact news or NFP news which gave high impact to market condition. And about tendency of price's direction in this week, I think it won't be easy to predict it. Before NFP, I am sure if condition will keep on bullish (EUR/USD) but after NFP news, I was not sure about that.

[nahiyar]

The EUR/USD may not be the best to trade these days. This is because both economies had had some problems in the few past months and are trying to become better. It may actually be better to trade other crosses like the AUD/USD and the NZD/USD as these other pairs tend to be more stable.

Trading the AU,NU and GU are same like trading in the EU, because if you see all the pairs in any kind of time frames, so you will note that the movement and trend patterns of all pairs are same.If Eu rises, so all these pairs rise, and if EU drops, so all these pairs drop.

[radex78]

The movement of price sometimes couldn't be predicted easily especially when there is high impact news or NFP news which gave high impact to market condition. And about tendency of price's direction in this week, I think it won't be easy to predict it. Before NFP, I am sure if condition will keep on bullish (EUR/USD) but after NFP news, I was not sure about that.


News NFP released should good for USD , because actual data more than previous data , although i am not sure with my analisys , but i think in few days GU pair likely in consolidation fase , to be reversal time is possible , but let see what happen on few days later

[andry777]

News NFP released should good for USD , because actual data more than previous data , although i am not sure with my analisys , but i think in few days GU pair likely in consolidation fase , to be reversal time is possible , but let see what happen on few days later

It was same with my analysis that USD is stronger but it won't take long time. In EUR/USD and GBP/USD, the movement will have tendency to be bullish in this week but it's only my prediction. Today, EUR/USD is moving in bearish and then it started to move upward. It's same wih first analysis, lets see what will happen then.

[purabi]

It was same with my analysis that USD is stronger but it won't take long time. In EUR/USD and GBP/USD, the movement will have tendency to be bullish in this week but it's only my prediction. Today, EUR/USD is moving in bearish and then it started to move upward. It's same wih first analysis, lets see what will happen then.

yes,the movement trends in both the EUR/USD and GBP/USD are upward and seems really bullish .In EUR/USD ,its just hovering within the specific range after some bullish movement.This week my prediction is also that USD will remain strong overall.The market looks tsrong this week what i feel.

[andry777]

yes,the movement trends in both the EUR/USD and GBP/USD are upward and seems really bullish .In EUR/USD ,its just hovering within the specific range after some bullish movement.This week my prediction is also that USD will remain strong overall.The market looks tsrong this week what i feel.

Although the movement of EUR/USD and GBP/USD is similiar but you shouldn't use analysis only in one of them to determine your position. It's important to make analysis in each of them privately because it's only correlation but there is possibility if the movement is not same.

[radex78]

Although the movement of EUR/USD and GBP/USD is similiar but you shouldn't use analysis only in one of them to determine your position. It's important to make analysis in each of them privately because it's only correlation but there is possibility if the movement is not same.


Yes you right , sometime both pair have different movement , and maybe its because any news for GBP or EURO , and i think we know sometime news high impact in certain currency can effect to these currency , so in my opinion before trading check news schedule is important

[omostar]

Yes you right , sometime both pair have different movement , and maybe its because any news for GBP or EURO , and i think we know sometime news high impact in certain currency can effect to these currency , so in my opinion before trading check news schedule is important
Sometimes both pairs have different movement in the short term. But when we look at them in the long term, their movements are always similar. And that is why it is actually not too advisable to trade both pairs at the same time because you can 80% be sure that they will behave exactly the same. If you loose in one, you are most likely to loose in the other too.

[radex78]

Sometimes both pairs have different movement in the short term. But when we look at them in the long term, their movements are always similar. And that is why it is actually not too advisable to trade both pairs at the same time because you can 80% be sure that they will behave exactly the same. If you loose in one, you are most likely to loose in the other too.

Yes , i think it can occured if we throw order in same time at GU and EU , if one get loss then wich one also perhaps get loss too , if we have intention trade using that pair with one bury or sell order , i think we still need analize SnR area to deterime best price in view , althouygh perhaps not will hit , but i think its more safe than only chasing price

[nahiyar]

Sometimes both pairs have different movement in the short term. But when we look at them in the long term, their movements are always similar. And that is why it is actually not too advisable to trade both pairs at the same time because you can 80% be sure that they will behave exactly the same. If you loose in one, you are most likely to loose in the other too.

Yes, if you are trading in EU and GU at one time using the same types of transaction, so you will either make profits or loss the money in both pairs at one time, because the movement of these both pairs always remain same.However, if you open Long position in EU, and Short position in GU, so there are chances that one will give you profit and another will give you the loss..

[chuna1985]

Yes you right , sometime both pair have different movement , and maybe its because any news for GBP or EURO , and i think we know sometime news high impact in certain currency can effect to these currency , so in my opinion before trading check news schedule is important

Yes, checking the news before we trade forex is very pivotal in the business of forex. I try to check it and decide what direction that the market will be before we start planning to open our own trades.

[wazir]

before trading i relax my mind because if your mind is upset you can not good trade and after that i prefer to watch charts and indicators to decide market trend and acts like it.

[omostar]

Yes, checking the news before we trade forex is very pivotal in the business of forex. I try to check it and decide what direction that the market will be before we start planning to open our own trades.
That is a really good point that I still have problem with. On so many days, I just go to the market without remembering to check the news that would be released that day. On some days, it sometimes happen that i just see some unusual market behaviors and that is when i will remember that I need to go check the news. And most times, i will find out it was a news release that was caused the unsual behavior.

[andry777]

That is a really good point that I still have problem with. On so many days, I just go to the market without remembering to check the news that would be released that day. On some days, it sometimes happen that i just see some unusual market behaviors and that is when i will remember that I need to go check the news. And most times, i will find out it was a news release that was caused the unsual behavior.

Yes, it's very important to check the news in calendar news first, so we can plan when is time for us to trade with certain style of trading. When there is high impact news, you must prepare Stop Loss and Take Profit. It will move fast so you must prepare yourself to gain high pips of profits in short time or faced Stop Loss. Preparation is important to make your transaction safe.

[radex78]

Yes, it's very important to check the news in calendar news first, so we can plan when is time for us to trade with certain style of trading. When there is high impact news, you must prepare Stop Loss and Take Profit. It will move fast so you must prepare yourself to gain high pips of profits in short time or faced Stop Loss. Preparation is important to make your transaction safe.


yes , i think good habit if trader always check news update about calendar economy , its one method for read and using fundamental analisys , because sometime news impact can moving currency suddenly and in short time ,

[andry777]

yes , i think good habit if trader always check news update about calendar economy , its one method for read and using fundamental analisys , because sometime news impact can moving currency suddenly and in short time ,

In a day, at least there are 3-4 high impact news and sometimes there are medium impact news which gave great impact to the market too. If you didn't take a look on calendar economic to know when is the time for each economic news appearing then you couldn't maximize profits and minimize losses when the news is coming.

[radex78]

In a day, at least there are 3-4 high impact news and sometimes there are medium impact news which gave great impact to the market too. If you didn't take a look on calendar economic to know when is the time for each economic news appearing then you couldn't maximize profits and minimize losses when the news is coming.

If we have good experience trade with news , then we can maximize profit during news released , but because sometime news update give opposite direction not like as expected , so money management is main important to avoid wrong analisys

[nullahfx]

If we have good experience trade with news , then we can maximize profit during news released , but because sometime news update give opposite direction not like as expected , so money management is main important to avoid wrong analisys


yes,, I always read a daily update news from my broker,, it really help me to analysis market,, but even though it's almost right.. but I still try to make a good MM,, because good MM is the most important for me,, I think,,

[radex78]

yes,, I always read a daily update news from my broker,, it really help me to analysis market,, but even though it's almost right.. but I still try to make a good MM,, because good MM is the most important for me,, I think,,

yes,good money management is important key to prevent wrong analisys , because i guess no one trader that not ever get loss due get wrong analisys , and with proper money management will get many times opportunity to make transaction i think

[andry777]

yes,good money management is important key to prevent wrong analisys , because i guess no one trader that not ever get loss due get wrong analisys , and with proper money management will get many times opportunity to make transaction i think

Good money manaement will limit your losses when you made mistakes in analysis so you won't experience losses too high in one transaction. It could prevent Margin Call but we still couldn't avoid risk of losses. Good money management is good preparation so you can trade without any worries.

[radex78]

Good money manaement will limit your losses when you made mistakes in analysis so you won't experience losses too high in one transaction. It could prevent Margin Call but we still couldn't avoid risk of losses. Good money management is good preparation so you can trade without any worries.


Yes, and to running good money management , its required high dicipline during trading , don't let our emotion lead our decision , although we get few times loss order , if we always keep money management adjusted with our margin , we just need learn previous mistake why get loss , maybe we will get beterment trading on future time

[noor]

As concern to me before entering in trading i always prefer to watch charts and indicators to decide the market trend and acts like it. It is necessary for me to judge the market before entering in it so as to make a good profit from market.

[r i d d i c k09]

Well im reading in the live trading discussion as well the forex signals if there will be a good sign to open trade. Since they are good to have consultation if our analysis is similar to them or contradict to theirs. Well it will be also good to read news.

[noor]

pls help me hoanglong i want to know what is the major news that has high impact in this image i cannot identify which is high impact here http://i737.photobucket.com/albums/xx18/zuaigomez/forexcalendar.png

i want to try this economic calendar before i trade inorder to do that i need to know how this works.
Yes, it's very important to check the news first, so we can plan when is time for us to trade with certain style of trading. When there is high impact news, you must prepare Stop Loss and Take Profit.

[radex78]

Yes, it's very important to check the news first, so we can plan when is time for us to trade with certain style of trading. When there is high impact news, you must prepare Stop Loss and Take Profit.

Its good habit if you regularly read news before trading , especially if you are trader fundamental based , read news is your task , and using stop loss and taking profit should adjusted with our margin too , in my opinion using smallest lot size we can put stop loss larger than big lot size , plan your trade and trade your plan

[andry777]

Its good habit if you regularly read news before trading , especially if you are trader fundamental based , read news is your task , and using stop loss and taking profit should adjusted with our margin too , in my opinion using smallest lot size we can put stop loss larger than big lot size , plan your trade and trade your plan

Yeah, that is good habit to open news site to look any news which will appear in everytime you want to make analysis. It can be good preparation to choose the right market for trading with your current method. It is possible to trade during news or avoid news for trading.

[radex78]

Sometime although trader technical based read news high impact , they choose to stay away from the market and left their chart , they have reason trading during news is difficult to predict because their method can't good work due not able read news ,everytime that i do before trade is look my margin ,so i can make estimate my risk still in measurement

[flybiz08]

Look through my trading journal. Make proper analysis of the general bias of the markets and then the individual bias of each currency pair. Look out for any impending fundamental news.

[andry777]

Sometime although trader technical based read news high impact , they choose to stay away from the market and left their chart , they have reason trading during news is difficult to predict because their method can't good work due not able read news ,everytime that i do before trade is look my margin ,so i can make estimate my risk still in measurement

Yes, all traders should read high impact news first to be able to make better decision. Everyday, there will be some high impact news from scheduled news so you can decide to use those news as your chance to take profits or you must avoid it for now because you're not quite good when trading in news.

[radex78]

Yes, all traders should read high impact news first to be able to make better decision. Everyday, there will be some high impact news from scheduled news so you can decide to use those news as your chance to take profits or you must avoid it for now because you're not quite good when trading in news.

INdeed evry day sometime news high impact in schedulled , and always update the news,then we will get news actual data more quick ,will better than too late , because if we get news data at the time , then we can make conclusion whether news giving good impact for currency or not

[pinoycity]

As a beginner, I am into simple strategies first using the demo account to check the trend in the market. Meaning, before I enter a trade, I will analyze the chart first. If I see no trend, I do not enter (which is not being implemented consistently, as I can be impatient sometimes).

[radex78]

After open the chart and connect to the server , usually i will look in chart pattern , analize pattern in daily timeframe , and analize with 4 hour timeframe is my habit to analize the market , and usually i will using daily timeframe as trigger to determine the trend .

[cash2cash87]

I open up my charts and see what the forex market is doing and from there make projection or identify patterns that may be suitable for trading. I also scout for daily fundamental information that will move the markets and then decide whether to trade such economic news or not depending on how powerful that news is.

[darksaimon]

Before i exchange, i modify the trading sequences that has expropriated site in the previous trading sessions. It is also copernican for traders to e'er read the info to see out whether a appreciation has already been varied out whether a taste has already been denaturised.

[jumpingkid77]

I say a little prayer and then I get on with the trade. It may sound funny but I have been lucky with my prayers but I would have made a proper analysis before placing the trade. I also double check to make sure that the calculation for the lot size to be used is correct.

[bulastika]

I don't believe in prayers but I do believe it does help to calm ourself before we trade. Because we really need to be calm before we trade. And if prayers do work then its a good thing. Also its really important that we check and counter check again before we even try to finalize our trade.

[radex78]

I don't believe in prayers but I do believe it does help to calm ourself before we trade. Because we really need to be calm before we trade. And if prayers do work then its a good thing. Also its really important that we check and counter check again before we even try to finalize our trade.

It's good idea if we prayer before trade,hope God Almighty will blessing us,and calm mind in trading,we can control our emotion properly and ready to bear loss if eventually get loss transaction,prayer will help us to willingly whatever result will obtained,but prayer not guarantee giving profit every transaction

[dollarscout313]

Divinity and forex trading fo not go together but some traders may want to bring divinity to the forex field. THis should only be done when the trader has a working system and then, prayers can be said and if answered, may give winning trades.

[crazypavement56]

It is important to check to make sure that the analysis that was made before the signal was brought up, is indeed correct. Next is to make sure that a trader is not risking more than what was stipulated for each trade according to the money management technique.

[donjaz1]

Actually i have lay my hand on many book written by expert talking about what to do before going for trading in which most of the experience share in the books have been already discurse here,however is good to prepair ahead for trading by reading our past trading record in other to learn from past mistake.

[prindra]

Before trading i always see the news of forex and see the views of forex export talk.And start predict and finally will login to the trading account.

[radex78]

Preparing risk management before trades i think also important before make decision since we get signal entry,so if in fact our order not like as expectation,it's still safe because we put stop loss according with risk management plan,but also important if have target in reasonable target

[frchowe214]

There are a lot of people who prepares something or anything that can help us in their trading. This things are essential for professional traders since all the trades they do is for the sake of getting more profit. I usually watch first anime movies to calm my mind before trading.
I always make analysis based on market behaviour and expertise reviews from around the world before start a trade and also during the trade in Forex trading industry. I think it is necessary to know more about where you are going to invest.

[freya]

I always make analysis based on market behaviour and expertise reviews from around the world before start a trade and also during the trade in Forex trading industry. I think it is necessary to know more about where you are going to invest.
What I do before trading:
- Check out market news and analysis,
- Read experx reccomended
- pray to control emotion

http://www.fbs.com

[ermaniso2011]

l fist watch the charts for a few minutes if there is any ready position.if not then l will check the daily news and l will analysis if what is expected for the day.and l will check the daily trend and wait for my signals to enter a trade.l always listen slow music while trading.it keeps me wake always.

[bulastika]

I brush my teeth. Because I don't want to loss consciousness when I trade. lols. Just kidding.
I have three sites open. this three sites are my tools. Its give me daily and weekly forecast and also digital indicators. Meaning I don't need to check those charts and read each indicators. This site I have have 50 plus indicators and its say strong buy, buy, neutral, sell strong sell. So that's where I'm just going to base my approach. cool right?

[donjaz1]

Nowadays i lay my hand on a book written by an expert trader talking about what make trader loose in trading in which non concentration while trading is also discurse their in which the writter said is good to do much excersice and also have some enjoyment before going for trading in other to be much concentrate.

[Adam-FXVV]

There are a lot of people who prepares something or anything that can help us in their trading. This things are essential for professional traders since all the trades they do is for the sake of getting more profit. I usually watch first anime movies to calm my mind before trading.

Before start trade for example today, put chart on D1, and look yesterday bar, if yesterday bar closed price is lower than open price, today you just need to sell the market and take profit not more than 35 pips and SL as well 35 pips. Try it and you will found magic there..:)

[luke1]

It's good idea if we prayer before trade,hope God Almighty will blessing us,and calm mind in trading,we can control our emotion properly and ready to bear loss if eventually get loss transaction,prayer will help us to willingly whatever result will obtained,but prayer not guarantee giving profit every transaction

Actually, there is almost no connection to pray before trading. Because we know the risk on trading here is very big. So, we have to understand with the risk in trading forex first. Do not blame God when we lose money

[nullahfx]

Actually, there is almost no connection to pray before trading. Because we know the risk on trading here is very big. So, we have to understand with the risk in trading forex first. Do not blame God when we lose money


yeah,, but pray before do something is good especially before trading, because with pray,, we can get a fresh mind so we can think clearly and get a good analysis of the market movement,,
and of course we will not blame god if we get losses, because profit or loss is depend with our work and how serious we do it..

[qazi]

It is necessary for me to judge the market before entering in it so as to make a good profit from market. Before entering in trading i always prefer to watch charts and indicators to decide the market trend and acts like it. I start my trading by checking the news list and actually reading some, then i start my trading.

[nullahfx]

It is necessary for me to judge the market before entering in it so as to make a good profit from market. Before entering in trading i always prefer to watch charts and indicators to decide the market trend and acts like it. I start my trading by checking the news list and actually reading some, then i start my trading.


it's also good,, reading some news before trading is a good thing to do,, so we can analyze correctly,, even not 100% correct,,, but market news is really help us..

[jnik]

we have to determine the news and make a good plan before start to trade in forex market. the last thing before execute an order as buy or sell we have to look at indicator signal.

[radex78]

it's also good,, reading some news before trading is a good thing to do,, so we can analyze correctly,, even not 100% correct,,, but market news is really help us..

Yes,reading news also important to do before trading,and in calendar economy in certain site already privided news and always update,if we read there any news will be released and have high impact,it's can be early waring to us before make decision

[r i d d i c k09]

Yeah, if we are not that good in making analysis in a news of forex then we might read differenmut daily analysis of different sites so we will able to learn and understand what those news mean. Seems some don't know much about economics. And everything will be fine as we can have discussion or ask about it.

[jnik]

at first we have to read the signal from tool or indicators that we used, and we analyze the chart price position and then we decide what kind of order we will make to open new entry of our trading in forex market.

[radex78]

at first we have to read the signal from tool or indicators that we used, and we analyze the chart price position and then we decide what kind of order we will make to open new entry of our trading in forex market.

If we usingh method,we ned waiting our indicator giving signal,dicipline is required to waiting signal,because if we tamptation with price movement and not use indicator,we already break rules,but if we doing that,stop loss is important to avoid big loss

[jnik]

the good thing is trade after the news and we have a few minutes to determine the news to analyze price prediction. but if we haven't newest news we take data from indicators and candle.

[nullahfx]

I always read daily update market analytics (http://www.fbs.com/) before trading while refreshing mind after work or woke up.

[omostar]

Before I start trading for the day, the first thing I do now is to go to forexfactory and check for the news that are scheduled to be released that day. This helps me stay away from some currencies that have major news for that day.

[radex78]

Before I start trading for the day, the first thing I do now is to go to forexfactory and check for the news that are scheduled to be released that day. This helps me stay away from some currencies that have major news for that day.

it's good habit if you always check news before trading,but maybe will good if you always adjusted with time schedule will be released before make decision if you trading based with news,so you can understand how impact news to currencies,because sometime can occur news released but price movement still normal and seems no effect from news

[android]

Indeed it is very important to waiand listen to the news as the news has a big effect on the outcome of the trade. Although it is just one factor to determine the outcome but it does have a big effect indeed.

[luke1]

Usually before the market opened on every single day here, we have to check the data of the previous day, and check everything. Check all the news happened today here on the Forex Factory, so we can read and now about that here. Forex is an important thing to choose.