Identifying the Currency Trading Opportunities and Trading Plans

Views:
 
     
 

Presentation Description

Identifying the trading opportunities and planning each trade from start to finish is essential to success in the currency trading.

Comments

Presentation Transcript

Identifying the Currency Trading Opportunities and Trading Plans:

Identifying the Currency Trading Opportunities and Trading Plans

Slide 2:

Identifying the Currency Trading Opportunities Maintain Discipline Stop-loss Order Entry And Exit Levels Currency Pair’s Prices Position Size Trade in Strategy

Identifying the Currency Trading Opportunities:

Identifying the Currency Trading Opportunities Identifying trading opportunities and planning each trade from start to finish is essential to success in the currency trading . When you trade currency as an investment tool, remember to :

Maintain Discipline:

Maintain Discipline Maintain the trading discipline by formulating and sticking to a complete trading plan: position size , entry and exit before you enter a trade .

Stop-loss Order:

Stop-loss Order Always trade with the stop-loss order. Decide on the stop loss before you are in the trade and don’t move it unless it is to protect profits .

Entry And Exit Levels :

Entry And Exit Levels Identify trade entry and exit levels in advance through the technical analysis .

Currency Pair’s Prices:

Currency Pair’s Prices Understand how each currency pair’s prices move and what drives the prices.

Position Size:

Position Size Determine the position size based on the trade setup and your financial risk-management plan .

Trade in Strategy:

Trade in Strategy Be patient currencies move around a lot. Wait for the market to allow you to enter your trade-in strategy .

Slide 10:

After you have invested your time, energy, and risk capital in a trade, your work has only just begun . Managing your trade while it is active just as important to a successful outcome. Stay alert, be flexible, but stick to your trading plan .

Thank You:

Thank You

authorStream Live Help