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  • Beginner
  • Intermediate
  • Advanced
  • Completion
  1. Beginner
    Early Stages for Beginners
    8 Topics
  2. Forex Terminology
    11 Topics
  3. Margin & Leverage
    2 Topics
  4. Personal Psychology Questions
    2 Topics
  5. Psychology for Beginners
    7 Topics
  6. Intermediate
    Identifying Scams
    2 Topics
  7. Brokers for Beginners
    5 Topics
  8. Technical Analysis
    13 Topics
  9. Market Structure
    5 Topics
  10. Completion
    Risk Management for Beginners
    8 Topics
  11. Fundamental Analysis
    9 Topics
  12. Advanced
    Using Indicators
    6 Topics
  13. Technical Analysis (Part 2)
    8 Topics

Thinking of Every Scenario Before Entering a Trade

Preparing yourself for the outcome of a trade is crucial to maintaining your emotions before, during, and after. You want to think of every scenario before placing a trade so that once it is placed, you can allow it to do whatever it’s going to do. Ask yourself questions like these before you enter into any trade:

  1. What percentage of my account am I willing to risk?
  2. Am I okay with the lot size I’ll be using?
  3. What happens if I lose this trade? Can I stomach that loss?
  4. Will I still be able to get into another trade while this one is running?
  5. How long am I willing to hold this trade for?
  6. Will I be holding this trade if a major news announcement comes out?