7. Schedule and time restrictions
It is very important, that keep in your head, that luch time in New York - from 12:00 - 13:30 not a good time for trading. Other important two time is about 5 PM ET when NY FX closed, and Friday's final at about 5 PM. You shall close every open position untill 5:00 PM ET.
8. Patience - the worth you may need to be a succesfull FX trader. Reduce your losses that is a collateral part of trading, and extend you win if you are in the proper side of the positions. As EUR/USD trading reason is the very high amount of trade the back and fill always has the price motioned up and down.
1st open short, leak of decision making to close on proper time, balance is 0.
2nd and 3rd position, long and short, seems to be not understanding the market. As late Thursday trading plays violent.
9. Realized your profit. As day trade, please please do not wants earn more than 10-30 PIP per positions. It is very important. Further in violent market position, catch the money.
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