Creating a form and filling in the blanks would be a start. Taking the time to pause will be a great plus, because writing it down and not just relying on memory will create a deeper sense of perception. Memory can fail from one day's trading to the next. Besides, I think it would be much better to remember how I won a trade rather than how excited I am. Losing trades suck, and I would like a point of reference to correct my mistakes from. Creating a form ahead of time with such things as:
Who's Fundamental Analysis is more timely, precise, and accurate. With the tons of information that is piped through the feed reader, it is easy to become flustardly bishmerked (spelling intentional) over details. A good approach may be to narrow down the sources to those more tailored to your goals. Did I say tailor? Who can I afford a tailor? Be a bank, or join a club so that the news doesn't wear like a cheap suit. Expensive, but what can be better than the learning experience of doing it yourself. Take notes, and don't get hung up with commentary outlooks that have nothing to do with what you are trying to accomplish within a four hour period. Watch the economic indicators, understand the essentials, and cautiously survive the daily, weekly, monthly, and yearly reports.
Trade currency pairs that have the most to do with each other. Meaning more than one currency pair to preserve margin. Arbitrage trading is an interesting topic. Who wouldn't like a Win/Win Situation with a nice Carry as the Cherry on top.
- Length of time from execution to close,
- Tools used for technical analysis,
- Time periods covered with the tools,
- The tools' custom settings,
- Currency pairs studied to arrive at a decision,
- News sources affecting decisions.
Who's Fundamental Analysis is more timely, precise, and accurate. With the tons of information that is piped through the feed reader, it is easy to become flustardly bishmerked (spelling intentional) over details. A good approach may be to narrow down the sources to those more tailored to your goals. Did I say tailor? Who can I afford a tailor? Be a bank, or join a club so that the news doesn't wear like a cheap suit. Expensive, but what can be better than the learning experience of doing it yourself. Take notes, and don't get hung up with commentary outlooks that have nothing to do with what you are trying to accomplish within a four hour period. Watch the economic indicators, understand the essentials, and cautiously survive the daily, weekly, monthly, and yearly reports.
Trade currency pairs that have the most to do with each other. Meaning more than one currency pair to preserve margin. Arbitrage trading is an interesting topic. Who wouldn't like a Win/Win Situation with a nice Carry as the Cherry on top.
There is great deal of information about Forex on the Web. Big learning curve depending on the kind of resume needing to be delivered.
ReplyDelete"Better than the learning experience of doing it yourself."
Very true statement; better than idiot seminar.
-James