BEFORE YOU TAKE THAT TRADE - forex leaning place

forex leaning place

The need to exchange currencies is the primary reason why the forex market is the largest, most liquid financial market in the world.

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Wednesday, 16 June 2010

BEFORE YOU TAKE THAT TRADE

STOP!!!!!!!!!!!! before you enter that trade:

Did You see how far it was from yesterdays support or resistance?

Is it ascending or descending steps?

Did You draw Yourself a trend line?

Did You wait for a proper trade set-up?

Are You going in harmony with Your current trend?

If You are going against the trend, did You ask Yourself,
"How far am I from the trend line?"
"Is this signal strong enough to make it worth the risk?"
"How far along is this trend?"

"What is an appropriate stop if I am wrong?"

These are a few questions You may want to ask Yourself prior to entering a trade (^_^)


YOU CAN DO THIS (^_^)


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