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day trading room
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Join Date: Sep 2011
Default day trading room - 09-03-2011, 02:34 PM

When becoming a day trader, there are many rules of thumb to adhere to, to ensure that success is seen. I met with a day trader and asked him the obvious question: Is there a golden rule that I need to apply when trading? He told me that there are rules governing this industry which I had convinced him to share with me. Here are some excellent tips that he had shared with me.
Never be in a trade that comes out before the report and keep a steady focus on the trade calendar.
Never Trade on FOMC meeting days.
Stay out of trading for the day until the volatile time has passed.
Find someone to mentor you, for even though you think that you are the best, the mentor will show you your weakness and ways in which to improve on them.

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