Episode 1: How to Create a Profitable Trading Day
Have you wondered about what it takes to create a profitable trading day? In this episode, we explore this question and lay out a simple plan that will help you bring consistency to your trading and set you up for a profitable trading day.
PREPARATION IS THE KEY TO A PROFITABLE TRADING DAY
There are 4 steps to be being FULLY PREPARED.
1) Be aware of the FUNDAMENTALS
Have an overall view of the market. Are there any stories/global events that may have the potential to move the market, such as, countries defaulting on their debt, geopolitical events or upcoming interest rate hikes.
2) Be aware of the events on the economic calendar to understand factors behind market movements.
3) Subscribe to a news feed to know where bids and offers are in the market.
4) After going through steps 1 – 3, you are now ready to do your TECHNICAL ANALYSIS.
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