adamsmiths Posted September 20, 2017 Share Posted September 20, 2017 The title of this article might sound little confusing to the new traders but this is one of the most important element to ensure your profit factor in the Forex market. Every single day people are working hard to earn their living. In general, we all are following 9-5 day job but at the end of the day, we don’t have any time for yourself. For this very reason, people in the United Kingdom are trading the Forex market to make their life better. In fact, many of them have started trading as a part time profession but over the period of time, they have taken it as a full-time job. After a busy trading week, it’s very normal for all we the get frustrated which will ultimately force to execute the low quality trade. Today we will discuss how to start a fresh trading week. Weekend workDuring the weekend it's better for to keep away from your trading station all day long. In fact, all the successful traders always go for a small tour during the weekend to enjoy their life. But if you think that long tour is not needed for you then you can hang out with your family. But at the end of the day, you need to do some market analysis. Always keep one hour on hand so that you can analyze your favorite trading pair prior to the starting of the week. Almost every professional trader in the finical world always does the market analysis only know the possible entry point. However, it’s not like a rule that you will have to do the market analysis when the market is closed. Some traders often prefer to do their market analysis on the opening day of the week. This factor totally depends upon you how you will pass your weekend. Learn from your trading lossAs a currency trader, you will have to trade in many different currency pairs. But this doesn’t mean that you will have winners in every single day. Assess your trade history and find out which day is the most dangerous day for you. For instance, if you lose more trades on Wednesday then it’s better not risk more than1% of your account capital at that day. Based on this simple principle you should place your trade in the online trading account. But even after doing all this, you will still have losing trades and there is nothing you can do. The expert traders at Saxo always trade the market with money management. They know that this market is totally random and without assessing the all the data it’s nearly impossible for them to execute the profitable trade. Even after finding the best quality trading signals there is no guarantee that you will have a winning trade. Read books and articles on holidaysReading books and articles is one of the best ways to gain knowledge. In the world of finance no can make profit consistently without learning how this market works. In fact, learning is a continuous process and you need to explore all the latest information to deal with the dynamic of this market. Most of the experienced traders often say that if you don’t read for one hour then there is a high chance that you won’t become a successful trader. Reading books helps you to gain confidence and unique trading skills. You need to love your trading profession. If you don’t do so then it will be nearly impossible for you to deal with all the hard obstacles. Preparing for a new trading week is very challenging. You need to keep calm and use your rational logic to place the quality trades at the key support and resistance level. Instead of using indicator based trading system try to learn price action trading since it is one of the best ways to execute high-quality trades. Quote Link to comment Share on other sites More sharing options...
Sininfinity Posted January 16, 2018 Share Posted January 16, 2018 On holiday it is better to review your past week and after making conclusions, taking a break. We trade in the market so we can have a better life, not always work. So when the market stays close, we can use that time to do something other than trading. Quote Link to comment Share on other sites More sharing options...
Latham Lapard Posted August 9, 2019 Share Posted August 9, 2019 The simplest formula is to focus on analysing well. If we analysis correctly and in right direction, we will always and for sure always start fresh only. I have least concern thanks to FreshForex and their bundle of support that counts from low spreads to high leverage, smooth trading platform and there is lovely 101% tradable deposit bonus too. All very much picture perfect. Quote Link to comment Share on other sites More sharing options...
gds221 Posted October 12, 2020 Share Posted October 12, 2020 It is always worth starting the week with a market analysis over the weekend. I think the new week trader should always start prepared. Quote Link to comment Share on other sites More sharing options...
Erienner Posted October 21, 2020 Share Posted October 21, 2020 You always need to start with a clean slate, a cool head and a fresh approach. Quote Link to comment Share on other sites More sharing options...
gds221 Posted November 28, 2020 Share Posted November 28, 2020 I try to start a new week only with positive results. For me, this is a charge to get positive results for the next week. Quote Link to comment Share on other sites More sharing options...
Pyridge Posted January 5, 2021 Share Posted January 5, 2021 close our eyes to previous results and start over, with a new strategy and approach Quote Link to comment Share on other sites More sharing options...
Gidencenti Posted January 8, 2021 Share Posted January 8, 2021 some traders, by the way, cope with this quite easily and quickly, the main thing is to have the right approach Quote Link to comment Share on other sites More sharing options...
Erienner Posted January 18, 2021 Share Posted January 18, 2021 just like a regular week from scratch, it's not as difficult as it seems Quote Link to comment Share on other sites More sharing options...
Dora Wi Posted January 25, 2021 Share Posted January 25, 2021 I agree that starting your week right is important for success. As you spend so much time working it can feel like days, weeks, months just go by so quickly. Reviewing your progress and making sure that you get some rest during the weekend can help make sure you are on track and that you don't burn out so easily. Quote Link to comment Share on other sites More sharing options...
Cairdarsy Posted February 27, 2021 Share Posted February 27, 2021 every approach to work should start from scratch, no matter what the results were before Quote Link to comment Share on other sites More sharing options...
Gidencenti Posted May 9, 2021 Share Posted May 9, 2021 it all depends on yourself and on your work plan, only from this you can build on in this case Quote Link to comment Share on other sites More sharing options...
Vaabum Posted April 25, 2022 Share Posted April 25, 2022 I usually check the trends in order to understand the situation in the market at the moment. Quote Link to comment Share on other sites More sharing options...
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