Have you ever come up with a situation when you are trading with a strong confidence level and you feel that your trading targets will meet for sure? Simultaneously you are not confident with any trailing mechanism as you are thinking that a small retracement in price can cut down your prospect targets so you decide to retain your position and wait for the target levels. All of a sudden you see a sharp decline against your positions and you end up with a loss. This have been a constant factor for losses and/or missed profits for many traders. However, with a simple check list, one can easily filter out positions and trade in the direction of the expected trend without worrying too much of a trend reversal. There are four main factors which can alert a trader what might happen in the market. A trader using any strategy/system to trade should filter his positions, conclude and consistently evaluate his positions based on the following check lists.Economic OutlookFundamental ImpactHistorical PositionsEconomic CommentariesEconomic Outlook Economic outlook is the first indicator a trader should consider before entering into market positions. A trader should look into news reports, ar…
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