Want to plan your trades with EuropeFX?
Do you have a daily routine that gets you through analyzing the market, setting up and further executing your trades? Is there something that you do after that? Do you manage the trades that you’ve put on live? These are important questions which provide valuable insight to whether or not you are doing things the right way.
Here’s an Example of a Routine that You Can Use
Get up, brew a cup of fresh coffee and start taking a look at the overall schedule. That’s right – having a schedule matters. Before you begin working on your trades, make sure to clear your mind. Finish your breakfast and morning coffee, clear your mind, and then you can consider getting to it. Opening up the EuropeFX trading platform is also one of the first things to do.
Take a look at the charts and see if there is a trade setting up. If you see something interesting, make sure to add it to your list and come back to it as quickly as you can. Make sure to take a closer look after you have finished your breakfast.
Remember this – if there are no obvious trends and trades shaping up early in the morning, chances are that there isn’t something worth risking your money on. EuropeFX has detailed charts which surely help identifying the important trends.
Don’t waste time staring at charts – they are either obvious or they aren’t. The more time you spend on trying to dig up a trend, the more you increase your chances of doing a stupid trade – it’s that simple.
However, if you did find a trade that seems to be shaping up, you have to perform a closer, more in-depth analysis. Take out its chart, zoom in, and remember to listen the language of the price action. Bring out some historical data and base off your conclusions on all the information you can find. There’s plenty of accurate information to rely on at EuropeFX.
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Loved this! Thanks Europefx academy
Hi Europefx Academy, Thank you for the article!
Very informative post.
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