Online Learning Program                              

| When Not To Trade |
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| Written by Stan Kajzerek | |||
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When Not To Trade - If you are a technical Forex day-trader,- do not enter a trade 45 minutes before roll-over with double attention to Wednesdays. Do not enter a trade on Friday afternoons E.T., or during holidays. Do not enter a trade 45 minutes before a major news event, wait at least 45 minutes after a major news event. Do not enter a trade one to two hours before London open. Do not enter a trade if you do not feel well for any reason –the "market" knows when you are in a rush. Do not enter a trade if you see an unusual / uncharacteristic / unpredictable price movement - multiple doji with long shadows . Do not leave your trade over the week-end , - your trading platform is not open, your stops or limits will not be respected, because off it - position management is impossible. Constantly, monitor Forex market pulse - keep your charts open at all times. Watch and get to know one pair -well;... very well.
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Friday, September 10, 2010 |