Tips for your Forex Trading Daily Routine

Before placing a trade go over the list below. The less mistakes when Forex trading the better in my world.

1) Emotional state – am I ready to trade?

2) News – What currencies or stocks can’t I trade today? For example is Non Farm Payroll (NFP) out today?

3) Trending markets – which sectors and currencies are trending?

4) Strategies – what strategies are set or are potentially setting up?

5) Trade away – open your brokerage account; calculate your risk management.

6) Work together – trading buddies (like my mate at MarksInvestingBlog.com) will benefit your trading.

7) Back-testing – if there’s nothing to trade back-test.

They teach all this stuff on the Knowledge to Action Ultimate Forex course that Marc and I went on (at different times). Marc does a good write-up on the course here – Forex training course