Ph 03.31.2010 how to create a pre market routine


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Ph 03.31.2010 how to create a pre market routine

  1. 1. Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures, stocks or options on the same. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN > EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL, OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE DISCUSSED WITHIN THIS SITE, SUPPORT AND TEXTS. OUR COURSE(S), PRODUCTS AND SERVICES SHOULD BE USED AS LEARNING AIDS ONLY AND SHOULD NOT BE USED TO INVEST REAL MONEY. IF YOU DECIDE TO INVEST REAL MONEY, ALL TRADING DECISIONS SHOULD BE YOUR OWN. CFTC/NFA Disclaimer
  2. 3. <ul><li>Daily Market Analysis </li></ul><ul><li>Daily Strategy Analysis (Live FxAlerts) </li></ul><ul><li>How to Create a Daily Pre-Market Routine </li></ul><ul><li>Marcello Ducille’s Underground System Demonstration </li></ul><ul><li>Question & Answer Session </li></ul>
  3. 4. “ Being organized is part of a trader’s discipline ” The reality is that the better you are able to organize your trading and execute your trades the more effective you will become as a trader. Courtesy of google images and Investopedia Why do you need a pre-market routine?
  4. 5. <ul><li>“ Your pre-market routine will help you to execute and follow your trading </li></ul><ul><li>plan in a better way.” </li></ul><ul><li>Your trading plan goes hand by hand with you pre-market routine. Some of the main components of your trading plan that can become part of your pre-market routine are: </li></ul><ul><li>Checking your trading strategy settings </li></ul><ul><li>Checking your money management </li></ul><ul><li>Check if there are any newer versions of your software </li></ul><ul><li>Find potential trading opportunities for the trading day. </li></ul>Courtesy of google images and Investopedia Combining Your Pre-market Routine with Your Trading Plan
  5. 6. <ul><li>What activities will you do BEFORE </li></ul><ul><li>you start your trading day? </li></ul><ul><li>An effective pre-market routine should help you to achieve the following goals: </li></ul><ul><li>Reviewing any open positions and make any necessary adjustments. </li></ul><ul><li>Reviewing the trades from the previous day. </li></ul><ul><li>Identifying any news releases that might create unexpected volatility. </li></ul><ul><li>Being ready to trade whenever your next trading opportunity comes. </li></ul>How to Create a Daily Pre-market Routine
  6. 7. Courtesy of Google images A pre-market routine can help you to become a more disciplined Forex trader and help you to manage your time and trading efforts more effectively. Creating your pre-market routine will only take about 5 to 10 minutes but it can help you to save time , energy, and of course money. Closing Notes
  7. 8. Are you part of the FxEdge Family? Become a Fan of on Facebook and get free tips!