Identifying the Currency Trading Opportunities and Trading Plans

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Identifying the Currency Trading Opportunities
and Trading Plans
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• Identifying the Currency Trading Opportunities
• Maintain Discipline
• Stop-loss Order
• Entry And Exit Levels
• Currency Pairs Prices
• Position Size
• Trade in Strategy

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Identifying the Currency Trading Opportunities

• Identifying trading opportunities and planning
  each trade from start to finish is essential to
  success in the currency trading.
• When you trade currency as an investment tool,
  remember to

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Maintain Discipline

• Maintain the trading discipline by formulating
  and sticking to a complete trading plan position
  size, entry and exit before you enter a trade.

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Stop-loss Order

• Always trade with the stop-loss order. Decide on
  the stop loss before you are in the trade and
  dont move it unless it is to protect profits.

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Entry And Exit Levels

• Identify trade entry and exit levels in advance
  through the technical analysis.

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Currency Pairs Prices

• Understand how each currency pairs prices move
  and what drives the prices.

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Position Size

• Determine the position size based on the trade
  setup and your financial risk-management plan.

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Trade in Strategy

• Be patient currencies move around a lot. Wait for
  the market to allow you to enter your trade-in
  strategy.

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• After you have invested your time, energy, and
  risk capital in a trade, your work has only just
  begun.
• Managing your trade while it is active just as
  important to a successful outcome.
• Stay alert, be flexible, but stick to your
  trading plan.

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Thank You