TRADE PARAMETERS FOR DIFFERENT MARKET CONDITIONS
TRADE PARAMETERS FOR DIFFERENT MARKET CONDITIONS After having gone through the emergence of the foreign exchange market, who the major players are, significant historical milestones, and what moves the markets, it is time to cover some of my favorite strategies for trading currencies. However, before I even begin going over these strategies, the most important first step for any trader, regardless of the market that you are trading in, is to create a trading journal. KEEPING A TRADING JOURNAL ____________________________________________________________ Through my experience, I have learned that being a successful trader is not about finding the holy grail of indicators that can perfectly forecast movements 100 percent of the time, but instead to develop discipline. I cannot overemphasize the importance of keeping a trading journal as the primary first step to becoming a successful and professional trader. While working on the interbank FX trading desk at J. P. Mo