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Identifying the Currency Trading Opportunities and Trading Plans

Identifying the trading opportunities and planning each trade from start to finish is essential to success in the currency trading.

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Identifying the Currency Trading Opportunities and Trading Plans

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  1. Identifying the Currency Trading Opportunities and Trading Plans

  2. Identifying the Currency Trading Opportunities • Maintain Discipline • Stop-loss Order • Entry And Exit Levels • Currency Pair’s Prices • Position Size • Trade in Strategy

  3. Identifying the Currency Trading Opportunities • Identifying trading opportunities and planning each trade from start to finish is essential to success in the currency trading. • When you trade currency as an investment tool, remember to:

  4. Maintain Discipline • Maintain the trading discipline by formulating and sticking to a complete trading plan: position size, entry and exit before you enter a trade.

  5. Stop-loss Order • Always trade with the stop-loss order. Decide on the stop loss before you are in the trade and don’t move it unless it is to protect profits.

  6. Entry And Exit Levels • Identify trade entry and exit levels in advance through the technical analysis.

  7. Currency Pair’s Prices • Understand how each currency pair’s prices move and what drives the prices.

  8. Position Size • Determine the position size based on the trade setup and your financial risk-management plan.

  9. Trade in Strategy • Be patient currencies move around a lot. Wait for the market to allow you to enter your trade-in strategy.

  10. After you have invested your time, energy, and risk capital in a trade, your work has only just begun. • Managing your trade while it is active just as important to a successful outcome. • Stay alert, be flexible, but stick to your trading plan.

  11. Thank You

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