Day Trading the Foreign Exchange Market – 2 Golden Rules

2. Take breaks

reading a forum might be a break from trading, but we also need breaks from the PC. Most health sources recommend spending at least 5 mins away from the screen. In that time you must get your legs moving and have your eyes focus at different distances. Or if you can’t leave the screen at set times as you are need to watch your trades, take a fast break after even trade that you close (lucrative or not). This’ll help you to put it behind you so you can totally focus on the following trade.

3. Check the forex calendar each day

As soon as you sit down to begin the day’s trading, spend fifteen minutes checking a web forex calendar or reports website to see what press releases are coming up that might affect your currency pairs. For significant announcements where you know you would like to be either in or out of the market at that point, set an alarm. Then you can plan your day’s trading around statement times.