3 Habits That Will Help You Prepare for Forex Trade

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3 Habits That Will Help You Prepare for Forex
Trading

• In forex trading, there is only one thing you are
  in control of yourself. The markets can move
  this way and that, you can score some winning
  trades, and you may wind up losing some of your
  trades, but the bottom line is that the amount
  you win or lose is still under your control.

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So what kind of habits should you develop to help
you prepare for forex trading? 

• Journal your trades
• Pay attention to details
• Stick to a daily routine

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Journal your trades

• One good habit is keeping a journal of your
  trades. Documenting your trades will allow you to
  review your rules, spot your mistakes, and even
  learn new trade ideas. This will also help you
  avoid making the same missteps in your next
  trades.

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Pay attention to details

• Just like John Wooden avoided injuries by
  instructing his players to put on their socks in
  a specific way, small details that you spot or
  miss can have a huge impact on your trades.
• That extra 0 in your units, for example, can
  unintentionally multiply your losses
  exponentially.

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Stick to a daily routine

• Last but not least, the best way to consistently
  be prepared is to develop a daily routine.
• Whether it is spending a few hours reading up on
  news, or setting up your charts, developing a
  daily routine can go a long way in preparing you
  for the day.

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