7 Step Trading Checklist Before Making Any Trades

 

WHY SHOULD YOU USE A TRADING CHECKLIST?

Using a trading checklist is essential in the trading process since it encourages discipline, helps traders follow their trading strategy, and boosts confidence. Keeping a checklist gives traders a list of inquiries they must respond to before making transactions.

CHECKLIST FOR YOUR TRADING

Before starting a deal, consider the following:

  • Is the market trending or ranging?
  • Is there a considerable amount of support or resistance nearby?
  • Is there an indicator supporting the trade?
  • What is the ratio of risk to reward?
  • How much money am I putting at risk?
  • Are there any major economic releases that might influence the trade?
  • Am I sticking to the my plan?

Read More...

EDGE-FOREX 

Comments

Popular posts from this blog

4 Global Market Updates- 6 February, 2023

4 Global Market Updates- 11 July, 2022

4 Global Market Updates- 22 July, 2022