Forex Strategy Video: Analyzing and Trading with Limited Time
• It is wise to work on a strategy to avoid discretion and emotion in trading, but its essential on limited time
• Most traders are very restricted on their time to comb the markets for good trading/investment opportunities
• To make best use of limited time; develop a clear strategy, make its criteria clear and stick to it
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Most of us have limited time to find opportunities, analyze them and execute. Sometimes we analysts that spend full days - and sometimes nights - watching the markets can forget that. Recently out of the office and frequently distracted, I was reminded of the importance of being efficient with my time navigating the market. While there are some aspects to every strategy that will be unique to individuals; there are also key factors that apply to most of us. To better make use or 'trading time' it is important: to limit our universe of choices, develop a clear strategy, make a tangible list of criteria that we can check off and stick to the plan. We discuss this in more detail in today's Strategy Video.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.