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Tuesday, December 16, 2008

A good component of a decent Trading plan is the Trading Routing

A good component of a decent Trading plan is the Trading Routing. Trading Routing is a programme which details for the trader when he should and when he should not be in the market to trade. It allows the trader to know when he or she should prepare for trading, the activities that should be in the preparation process, when the actual trading takes place and what things to look out for to be able to trade profitably as well as consolidate on their strengths and correcting mistakes. You need to prepare a Decent Trading Routing because this is the main challenge for many traders. When you do not understand how to do a particular thing, it becomes very difficult for you to even start doing it. This of course is one of the reasons many procrastinate. A Decent Trading Routing comprises of 3 key sub-components namely; Pre-Trading/Preparation stage, Market Watching/Trading stage and Evaluation stage.

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