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How to keep organized trading forex?

hjacob
Mar 01 2017 at 11:26
30 posts
Lack of organized trading structure can result in missing opportunities, giving up huge profits and risk management mistakes. These mistakes kill the trading systems. In order to become an organized trader firstly you need to plan your trading. Secondly, set proper times to trade and stick to that. Build a risk management strategy, use journals to maintain your trades. Taking notes of the major news, events or ideas can also be helpful. Very little time spent in organizing your trades can enhance your trading potential and bring about fruitful results.

mario123
Mar 02 2017 at 07:16
14 posts
@hjacob Working in an organized way is the support arm of the merchant. Only in that way can one have good management.

hjacob
Mar 07 2017 at 11:36
30 posts
mario123 posted:
@hjacob Working in an organized way is the support arm of the merchant. Only in that way can one have good management.


Yes absolutely, that’s why I said without proper organized trading structure there would be lot of discrepancies and all the problems one like lack of management would easily creep in. Simply organizing and planning everything beforehand can help one avoid all these issues.

Tiffany (TiffanyK)
Mar 08 2017 at 07:22
427 posts
Maybe all of us heard this before, but “ work smart, not hard”. If your work is organized – you can easily follow up with everything you do, but other way around – you have to waste a lot of energy and nerves just to see at which point of your plan you are at the moment..

Accept the loss as experience
darren (darrengreg)
Mar 08 2017 at 08:23
37 posts
It’s been rightly said,”a minute spend organizing is an hour saved in future. You can organize your trading in multiple ways:

• Track every single one of your trade and find ways to get better.
• Focus and understand the types of trading and choose your own trading style. It will bring a great chunk of simplicity around your forex trading.
• Test your trading strategy before implementing. Testing brings a lot of confidence in a trader.
• Build a risk management worksheet which you can go through before placing a trade
• Maintain a trading journal

Gabriel (GFernandez78)
Mar 15 2017 at 07:23
35 posts
darrengreg posted:
It’s been rightly said,”a minute spend organizing is an hour saved in future. You can organize your trading in multiple ways:

• Track every single one of your trade and find ways to get better.
• Focus and understand the types of trading and choose your own trading style. It will bring a great chunk of simplicity around your forex trading.
• Test your trading strategy before implementing. Testing brings a lot of confidence in a trader.
• Build a risk management worksheet which you can go through before placing a trade
• Maintain a trading journal


I agree about the importance of simplicity in trading. The more simple the better organised in this case

Trading is like football - if you don't practice you can't win the game!
darren (darrengreg)
Mar 15 2017 at 10:19
37 posts
GFernandez78 posted:
darrengreg posted:
It’s been rightly said,”a minute spend organizing is an hour saved in future. You can organize your trading in multiple ways:

• Track every single one of your trade and find ways to get better.
• Focus and understand the types of trading and choose your own trading style. It will bring a great chunk of simplicity around your forex trading.
• Test your trading strategy before implementing. Testing brings a lot of confidence in a trader.
• Build a risk management worksheet which you can go through before placing a trade
• Maintain a trading journal


I agree about the importance of simplicity in trading. The more simple the better organised in this case


true that! always keep it simple. the golden rule to be successful in Forex trading

mlawson71
Jun 06 2017 at 09:53
1487 posts
I agree. The more you complicate things - your strategies, your indicators, the amount of instruments you trade, etc. the more mistakes you will make.

mcsuperb
Oct 04 2017 at 07:12
4 posts
hjacob posted:
Lack of organized trading structure can result in missing opportunities, giving up huge profits and risk management mistakes. These mistakes kill the trading systems. In order to become an organized trader firstly you need to plan your trading. Secondly, set proper times to trade and stick to that. Build a risk management strategy, use journals to maintain your trades. Taking notes of the major news, events or ideas can also be helpful. Very little time spent in organizing your trades can enhance your trading potential and bring about fruitful results.


@hjacob Thanks for your advice. you made it very clear. just wondering how do you keep a journal?

mcsuperb
Oct 04 2017 at 07:12
4 posts
Wow everyone gives so much good advice. Thank you all for the input!

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