Managing Your Trade
In This Chapter
• Monitoring forex market news
• Keeping track of other key markets
• Charting tools
• Updating order levels
You developed your trading plan and placed your trade with entry and exit points. Now you can sit back and relax, right? Not quite.
As we’ve discussed, forex is like riding a roller coaster with many, many surprising twists and turns. Even if you’ve carefully developed a trading plan and tested your plan using practice accounts, you still need to manage a trade once the ride starts.
In this chapter, we review the key things you should be doing whenever you have a forex position open.
Keep an Eye on the Market
Whenever you have open positions, it’s critical that you keep an eye on the market ...