What Is Your Daily Pre-Trading Routine?

Your forex trading routine will assist you achieve the following tasks: Reviewing yesterday's trades, news that could cause volatility, and more. Therefor what is your daily pre-trading routine？

Here we dont need you to count Waking up from sleep. We mean what do have or set as your pre-trading that is what you should to before trading because it's important to have a pre-market routine.

Never think of rushing to on your trading computer, fire up your forex brokers platform and start trading around grabbing pips easily, immediately after are awaken from sleep as if they were apples from a very sweet tree.

What will you do before you start trading？

Each and every day before the trading day begins, you should update your major and minor support and resistance levels on the price chart.

Although you should always take a shower and brush your teeth. You dont wanna smell like crawler now do you？ But that's not what we are referring here.

Your forex trading usual task should help you achieve the following tasks:

• Reviewing all open positions and making any necessary adjustments

• Reviewing yesterdays trades

• Getting yourself “up to speed” on the market

• Identifying all approaching news that could cause volatility

• Being ready to trade when the next trading session opens

Importantly you will need to review the overall market news. This can be done online through sites such as Bloomberg or through television (CNBC, Bloomberg TV, BBC).

Also Determine what the overall market review is for the day, review yesterdays trades and how the preceeding trading session ended, and maybe identify key market areas like support and resistance.

If you have done all that then you are good to go, its time to start trading your system!

Doing the routine before entering the market will be critical to your success as a trader.

It will assist you plan your day so that you are not spending time during market hours roaming and

scrambling trying to reason out what news or data will be coming out, and what to do if the market does something you didn't expect.

As a trader, you will like to start trading sessions with ease of mind, feeling calm, relaxed and ready to face what ever the market throws at you. Keep up-to-date with both the fundamentals and technical affecting the forex market.

Use our economic circular.

A forex trader in the dark is a forex trader in the red.