TIP: An important tool for learning is the Practice Account...so use it!
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1. Choose your currency pairs |
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2. Decide how much risk you are willing to take and how much you want to gain |
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3. Track the time and date you placed the trade. |
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4. Keep notes describing your strategy and why you chose to enter the trade? |
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5. Decide how long you want to stay in a trade (hours, days, weeks, months). |
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6. Why did you exit the trade? Was it
at your stated stop or limit level, or did you get out for other reasons,
etc.? |
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7. Experiment. Remember, you want to make your mistakes on the practice account - not with real money! |
