The FX market is a battle ground. A place where currencies fight it out and losers and gainers are determined. This article is essentially to show you the best way to begin a trading day; it is divided into two parts: trading psychology and trading method. The two skills a trader cannot do without is discipline and patience. Trading Psychology Trading is like going to war. You have to be physically and mentally fit. My trading day begins with a prayer, some pushups and sit-ups. I like to keep my body fat under a certain limit. After my morning exercises, I go running with my MP3 player for some music. During my run, I mentally go over the previous week’s trades, both the successful and not-so-successful ones. I remind myself of why my trades were successful and why others were not. I have a notepad by my system, where I write my trading mistakes. I do not keep a trading log; I can always check my trading history for that. By the time I get back home, I’ve burnt an appropriate amount of calories and I’m ready for the trading day. Trading success to a large extent depends on your emotional state. Any feeling of stress, discomfort or depression will most likely lead to wrong tradin…
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