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journaling your trades, it will attract like-minded traders to your thread. Accountability The reason why traders give up on their trading journal is that theres no one monitoring them. Lastly, you can select which country news you want. You might want to focus on some type of data and ignore the rest: less noise means more efficiency. Every morning, I first look at the Daily Chart. Big news events can, and often do, cause big swings with a single movement going several percent in one direction.

So the total risk is 30 pips. Leave a comment below and let me know your thoughts. Winning 5 trades means making 500 pips and losing 5 trades means you lose 150 pips so you make a total of 350 pips). And the cycle rinse repeats itself. Price is hovering.52763. You should take advantage of their useful trading tools like: Forex Factory calendar to stay ahead of the news The sentiment indicator to help you find high probability trading setups The charting tool to monitor the Forex markets in real time The broker comparison tool. Every trade setup has a probability of failure.

This is a recent trade. Is their customer support responsive? I live in a timezone where London Open is at 11: 00 AM so fortunately I dont have to get up at the night to trade the London Session. You can see price first went up made a high and then fell. Do you want to know how? I use candlesticks a lot in my trading.

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