I have come across many who try to learn trading and they practice by going through lots of charts. They are practicing hard, but is it efficient?
In my opinion, no. I just learn a new term call deep practicing. And this is what I do, focus analysis on one pair, follow the price development and re-analyze throughout the day and even days. Study the price movement, observe the pattern, do what-if analysis and repeat the same process when trading live.
When mistakes are made, I review and repeat the whole cycle of practicing on the pair.
Friday, February 5, 2010
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