Check-list for beginner traders
  • 1
    Ensure
    that you are physically and emotionally ready to trade today.
  • 2
    Check
    the economic calendar to monitor any scheduled announcements that can affect the assets you trade.
  • 3
    Check
    the chart for overnight price action to see if any crucial changes may affect today’s market.
  • 4
    Write your daily goals
    into Trader’s diary before the trading day: how many trades you want to have, how much to risk or get, etc.
  • 5
    Set alarms
    to notify you when it is time to enter or exit the market not to miss anything.
  • 6
    Watch news channels
    such as CNBC or Bloomberg to ensure no unexpected economic or political news worldwide may impact market movements instantly.
  • 7
    Do a break
    during the trading session to keep your mind cold.
  • 8
    After the market closes,
    revise the trading plan for the next day. Plan which assets to trade, when, how much, and at what price. 
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