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Essay's paper info
Topic: Business
Number of pages / Number of words: 5 / 1181
Essay's paper body

You must set the time for trading and nothing else. This is your business, treat it well and it will take care of you in the future.

1) Be presentable for the job and avoid any distractions

2) See up-coming events for the day to determine what currency pair to trade and what times

3) Calculate Pivot Points and plug them into the 15 minute chart

4) Look up charts (Daily for past six (6) month, hourly for past ten (10) days, and fifteen (15) minutes for past 3 days) to project trend direction up or down

5) Set your Entry (profit of 10-20 pips) and Exit (loss maximum of 30-40 pips)...


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If it is a major event day, you may need to pre-order your tradings prior to announcements.

Financial Risk Management

You will hear from many different people how risky trading Forex is; and it is if you do not know what you are doing. If you guess all the time, close your eyes and point your finger to the screen for possible trend direction, then you are at risk...


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