Study Guide for Come Into My Trading Room - Forex Factory

LET’S TRADE
The longer you trade, the more you learn—practice will make you a
better trader. Be sure to put on many small trades and carefully document
every entry and exit. Good records allow you to learn from experience.
Trading small will help you keep emotions in check. You will
have plenty of time to increase your trading size once you become a
competent trader.
Remember this paragraph from Come Into My Trading Room:
Keeping good records is the single most important contribution to
your success. If you scrupulously maintain records, review them, and
learn from them, your performance will improve. If, at the same time,
your money management is in place to ensure survival during the
learning process, you’re sure to become a success.
This chapter of the Study Guide offers you an opportunity to practice
making trading decisions and keeping records. Look at the charts
in this chapter as if you saw them in your trader’s diary. Mark up chart
patterns and indicator signals, and write down your comments on the
most important points. Make your trading decision and then turn to
the Answers chapter to compare your notes with mine and grade your
performance.
There are many ways to reach a trading decision. Some serious
traders use fundamental analysis, others technical, some combine both,
while gamblers trade “from the gut.” I like to be aware of the key fundamentals,
but my favorite method is technical analysis. Price, time,
and volume reflect actions of all market participants—smart and dumb,
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