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Step #3 is to design a trade journal based regarding results of one’s free stock trading simulation. The idea is to eventuality translate the amazing success you have recorded into actual live trading. The journal will be a very valuable teaching aid for the customer. It is recommended that you take a screenshot 1 stock you traded and also the indicators you read. Also record your reasoning for trading at the exact time you believe. By doing this, you will make an easier transition in the world of real-life fx trading.
Evaluate – Evaluate your successes and failures. Rate of recurrence of your analysis will be determined by how much you are trading. If you are trading actively, then a weekly or monthly review critical. Compare your losses with each other winnings. Zero in on the important aspects that pay a winning trade try to fine tune your criteria to develop your executions. As painful as it could be, analyze your mistakes, too. Adjust your criteria to eliminate making those same mistakes after again. Analyzing your mistakes is just as, if not more, significant as studying your successful home-based trades.
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