Tips on Getting Back into Trading After a Break - PowerPoint PPT Presentation

Loading...

PPT – Tips on Getting Back into Trading After a Break PowerPoint presentation | free to view - id: 87c8e0-N2Q5Z



Loading


The Adobe Flash plugin is needed to view this content

Get the plugin now

View by Category
About This Presentation
Title:

Tips on Getting Back into Trading After a Break

Description:

Many traders find it stressful after getting back into trading after taking a break due to vacation or time of year. This is not unusual, especially after coming back from a long vacation from the markets. – PowerPoint PPT presentation

Number of Views:5
Slides: 15
Provided by: blogsfxtrading
Category: Other

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Tips on Getting Back into Trading After a Break


1
TIPS ON GETTING BACK INTO TRADING AFTER A BREAK
  • Reference
  • https//www.platinumtradingacademy.com/

2
  • Tips On Getting Back Into Trading After A Break
  • 1. Take Your Time To Catch Up
  • 2. Prepare For And Plan Your First Week Back
  • 3. Transition Your Trading Up To Full Speed

3
(No Transcript)
4
Tips On Getting Back Into Trading After A Break
  • Many traders find it stressful getting back into
    trading after taking a break due to vacation or
    time of year etc.
  • This is NOT unusual, especially after coming back
    after a long vacation away from the markets.
  •  

5
  • It is very easy to be overwhelmed by all events
    and let the stress of the occasion take hold and
    mistakes can be made.
  • Below are a few tips

6
1. Take Your Time To Catch Up
  • There is no easy way.
  • But you need to read extensively what has
    happened over the past 7 -10 days.
  • Only by doing this will it give you the overview
    that you need.

7
  • Do NOT make the mistake of assuming that the
    currency pairs that youre trading are reacting
    to all the same market themes and will stay
    within their average trading ranges.
  • You do not need to do an overkill of a FULL
    MARKET analysis and currency pair by pair
    charting analysis.

8
  • Pick a few pairs and gather the other news as you
    go along.
  • Here is my approach I follow up on AUD/USD,
    USD/CAD and NZD/USD news and charts and then I
    move to other pairs after these.

9
2. Prepare For And Plan Your First Week Back
  • This just makes so much common sense.
  • List out the news items for you initial currency
    pairs, give yourself time to read and evaluate
    the charts and articles.
  • This allows you to calm nerves and provide
    greater confidence and it will reduce stress.

10
  • The biggest mistake is to jump in and trade
    immediately without the research.
  • Go back to your TRADING PLAN and look at the
    set-ups you have.
  • You can never do too much preparation.

11
  • You gain so much confidence if your first two or
    three trades back from vacation are good ones.
  • Its all about timing and picking your trades and
    entries in line with the disciplines that you
    have contained within your TRADING PLAN.
  • They are there for a reasonuse them.

12
3. Transition Your Trading Up To Fuill Speed
  •  
  • You may have it written into your TRADING PLAN
    that upon a return from vacation that your trade
    sizes for the first week are 50 of normal size
    and that your risk parameters / tolerances are
    now only 2 instead of 3.
  • These are all great ideas to help you ease back
    into the chair and are worthy of consideration.

13
  •  
  • Remember, the goal of Forex Trading is
    consistency and longevity.
  • You may even to decide to trade reduced hours for
    your first week back.
  • I hope that the tips above tips are of some use
    to help get you back on track after a long
    vacation away from the markets.

14
Thank You
About PowerShow.com