Forex for Beginners

selling the base currency and pur

Not having a clearly defined trading plan

xecuting orders when your pre-determined trading edges as per your strategy plan are not reached

s important to remember emotions in trading will not deliver success. Only an objective and clear-thinking strategy will help.

xcessive trading
Many failures in th

Over-analysis
More is better

Plan trades in Advance in “Anticipation” of results

eep Records of all Transactions
Keep a trading journal and record all your transactions

ur trading edge
How you will trade it
When you will trade it
Your preferred time frames to trade
Your risk management strategy
Your profit taking strategy
Your overall goals
Images of trading setups

Checklists
You should include a checklist in your trading plans. This checklist should have items that you will look for in the forex market before you placing