Continuation of the previous post
6. Gather Confluence points: The more indicators agree – such as the confluence of a Fibonacci level with a moving average and an RSI reading – the stronger the signal. Confluence is the filter that sifts through the noise.
7. Precisely adjust the risk-to-reward ratio: Set your stop-loss first, then position your target so that the R:R is no less than 1:2. A trade without a clear risk ratio is unnecessary risk.
8. Commit to capital management: Do not risk more than 1-2% of your balance on a single trade. Proper distribution protects you from emotions and prolongs your stay in the market.
9. Review the economic calendar: A rate announcement or a jobs report can undermine the best technical analysis. Check the news calendar before hitting the enter button.
10. Plan your exit before you enter: Know in advance where you will take partial profits and when you will move the stop to breakeven. Exiting is an art as important as entering, and without it, you may give up your profits.
#YE_SANAA 🇾🇪