Trading Manual Part 7

Daily analysis of the Market

As a trader, your trading routine starts after you awaken. You will Assess the current market status, and the price movement overnight. This shows you What happened to any positions that were open overnight. You may have to adjust your stop Losses or your stop loss might even been hit. But it's also perfectly possible that your Take profit was hit while you're sleeping. The key part is to enroll any stops or take profits on your free trading journal Which is included with this course! That is what most amateur traders neglect to do, or Simply don't need to do. However, this is exactly what separate the amateurs from the professionals. Your trading journey can be seen over a long period of time, Therefore it's crucial you update your journal regular to see your growth. We strongly suggest that you take screenshots of all your trade set-ups as. This will help You to analyse what went wrong and what went right when a trade played out. It will Surely enable you to improve your trading routine, which will provide you with the opportunity To spot high potential trade set ups in a short time period. As a professional trader you will only be trading a chosen amount of currency pairs. Trading a wide assortment of currency pairs will only bring you extra risk. We've proven That a professional trader who is focussing on a selected amount of currency pairs, Was able to achieve a lot more profit than a messy trader who had been trading tons of currency pairs. It's simply more efficient, and you will see that your analysis become market. The essential part of the development from a trading pattern, will be assessing the Markets on certain times during the day. You'll Need to treat trading as you would You can not see trading as a fun game you play Whenever you have some time off, as this will certainly not bring you any profits on the long term. As a professional trader you will be monitoring in the beginning of this Main trading sessions as the London session and/or the New York/European session. It is dependent upon which one comes first in your particular time zone. The overall thing we attempting to explain here, is that a professional trader has pre- defined trading times. Besides that, they master their trading strategy perfectly, and They know the value of trading only a handful. This Ultimately enables them to have an adequate trading routine, which make them Understand that Less =More in the market. Next part of the trading manual releasing soon!!! Check out our Selection list of Agents: Top Agents 2018 Check before picking a broker, this list out! : Scam Brokers List