{"id":120709,"date":"2018-02-08T11:30:59","date_gmt":"2018-02-08T16:30:59","guid":{"rendered":"http:\/\/countingpips.com\/?p=120709"},"modified":"2018-06-01T15:43:44","modified_gmt":"2018-06-01T15:43:44","slug":"fast-check-traders-list-before-the-trade","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/02\/fast-check-traders-list-before-the-trade\/","title":{"rendered":"Fast Check: Trader’s List Before the Trade"},"content":{"rendered":"
February 8, 2018<\/div>
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By Admiral Markets<\/b><\/p>\n

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Dear traders,<\/p>\n

The simple reality is that traders can never be 100% certain of what will happen in the market.<\/p>\n

Forex & CFD traders don’t have the gift of clairvoyance. Our first tip is, therefore, to always approach trading with probabilities in mind and to understand that no trade is a sure win.<\/p>\n

This sort of fear often scares traders and makes them feel insecure, which could be as dangerous as overconfidence.<\/p>\n

Have a Plan<\/h2>\n

Having a clear trading plan helps keep your head cool and focussed on making the most profitable decisions. As mentioned earlier, trading is not 100% predictable. Even with a trading plan, decision-making sometimes becomes messy in the heat of a trading battle. Mainly because Forex traders are humans and therefore tend to make emotional decisions on occasion.<\/p>

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Free Reports:<\/p><\/div>\r\n

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<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

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<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

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Before we make any trading decision, we need to do a fast check of our to-do list before we make a trade. Trading without conducting pre-market analysis and preparations will be like driving on a motorway without checking your engine, or your brakes \u2013 it’s highly inadvisable, to say the least!<\/p>\n

But before you even consider any trading decision, you need to choose the right
\nsoftware<\/a> and a regulated broker<\/a>.<\/p>\n

Just as weapons and tanks are for soldiers, brokers and trading platforms are for traders. No matter how skilled a soldier is, if their equipment is substandard, all of their skills will just go down the drain. Similarly, no matter how good a trader is, without the right broker and the right trading platform, they will not be able to execute trades properly. These are some bullet points to help you choose your broker and trading platform:<\/p>\n