#Forex Trading Morning Ritual

Basic but important info about trading Forex

#Forex Trading Morning Ritual

Postby Paul » Thu Feb 26, 2015 12:19 pm

When trading you should have a routine. Its no good to just arrive at your charts at an indeterminate time and try and jump on a trade , your strategy should be ritualistic.
You must be organised.

Here is mine.

  • Up at 7:30 in time for London open, gives me here in Europe 1.5 hours to get sorted out.
  • Check to see what economic data is due out for the day
  • Check our morning strategies and place orders if they are available.
  • Check 415 strategy, update forums with any setups and place orders if available
  • Start monitoring Candle Stick Alert module on website.

alerts.jpg


Monitor 15 min strategy for rest of day check alerts and update forums with trades and setups.
At 11 PM my time check our end of day strategy for setups.

I also get away from the screens during the day frequently to save my poor eyes a bit.
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Paul
 
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