Page 74 - Ultimate Guide to Currency Trading

Make note of what that time is and at what price the cross will most likely take place. Use your
software to drop a permanent pin at this point on the chart, and make a note in your trading journal.

Become a Proactive Trader

This is one method of actively looking for entry and exit points using a bit of math and logic, and being
proactive in your trading, not being reactive. Observe your predictive results. If it seems that you are
getting good at this type of predictive analysis, then take it to the next level and begin to place the
appropriate long or short trades in your demonstration or practice account. Observe again, and take
notes as to how the market reacts at this time and at this price of the FX pair. You can learn how to
use technical indicators as a form of a hard science to bolster your observations in the fundamental
information universe.

The combination of learning through planned observation and then moving on to place
experimental trades in a demo account coupled with fundamental analysis can really get you a strong
trading system that can predict and allow you to be proactive in your trades. As you know, a strong
trading system is the foundation for keeping your FX account in the profit range over the developing
trading days, and will keep you in the Forex trading game.