Fri 16 Apr 2010
Day Trading the Currency Market – Two Golden Rules
Posted by Arthur under Forex
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2. Most health sources suggest spending at least five minutes away from the screen. In that time you should get your legs moving and have your eyes focus at different distances. Walk around the house, even though it is just to the bathroom or to mend a coffee, or do some quick squats or situps.
If you frequently forget to take breaks you can have software remind you with a popup, or use a cooking timer or alarm clock. Or if you can’t leave the screen at set times because you are need to observe your trades, take a fast break after even trade that you close (profitable or not). This is going to help you to put it behind you so that you can totally concentrate on the following trade.
3. Check the currency exchange calendar every day
As fast as you sit down to begin the day’s trading, spend fifteen minutes checking a web currency exchange calendar or stories website to see what reports are coming up that might affect your currency pairs. Then you can plan your day’s trading around announcement times. This will take some of the stress out of your day and make it easier day trading the foreign exchange market successfully.
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