In addition to all the other advice new traders may find here, I will add a suggestion of keeping a trading journal. I have logged every trade since May 2005 - win, lose, draw. The reasons for entering a trade, strategies, &c. - a 'post-mortem' on losing trades, and also on winning trades. Every trade includes a chart picture showing entry/exit points, along with the indicators used for the particular strategy. It's often enlightening to review those historic trades to see the lessons learned.
I'm currently running a few robots - along with some manual trades. I only post the robot trade info once a week, at the end of the week - just the bare facts/results. Manual trades get the full treatment - analysis, ticket #, s/l, t/p, $/pip, post-trade chart image, &c.
The Institute for Supply Management corrected its May manufacturing index to 56 after saying it applied incorrect seasonal adjustments to the figure. The Tempe, Arizona-based group initially reported the gauge fell to 53.2 from 54.9 in April.
The decrease was 'suddenly' found to be a mis-calculation and the figure re-released with all the numbers magically better?
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.