Backtesting is essential in evaluating a strategy's performance. Set up a backtesting platform to simulate how your trading strategy would have performed using historical data.
Stay updated on economic data releases, central bank announcements, geopolitical events, and market sentiment to make informed trading decisions.
Use support and resistance levels to protect your trades from significant losses and to lock in profits before price reversals.
Stick to your trading plan, maintain a trading diary, and implement risk management strategies to avoid emotional decision-making and impulsive trades.
Learn how to use fundamental analysis to enhance your trading skills, interpret economic indicators, follow market news, and assess market sentiment.
Updated on: 2024-08-27 21:41:31