1. How much am I willing to risk?

2. What is my upside and downside potential?

3. What are the market conditions? (Is the market volatile or calm?)

4. What is the logic behind entering this trade?

5. When can I conclude if the assumptions/logic behind the trade are/is correct or wrong?

Don’t forget to consider both your entry and exit points before entering an order. One of the most common mistakes made by traders, especially new traders, is letting emotions get in the way of their strategy.

The sooner you buckle down and really LEARN every single Lesson, the sooner you will find why those who understand are able to successfully do it every day with every trade (because each and every component has virtually become second nature).

Other areas needing explanation

What is Retracement, and what does it mean (can you identify it)

What is Consolidation, and what does it mean (can you identify it)

General Characteristics of each currency pair

General Characteristics of each FOREX Market

Disciplined trading

removing your emotions from the trade

Different types of patterns within the charts, and what they mean

Every one of these skills, concepts, or bits of knowledge MUST be totally understood and comprehended BEFORE you will begin to “Get” how to become a standalone trader as a vocation instead of just having a job.

Those with a career last longer in today’s world environment

Forex Joe’s First Personal Home Study course on sharing all ingredients used on a daily basis from a Pro Trader is coming in September 2010.

This study course produced is simplified that if given quality of attention, anyone will prosper if they stay the course and follow protocol.

Does not matter if you have never traded Forex, been trading less than one year or are cusp of greatness trading 2-to-4 years and not quite being able to maintain consistent positive pip results, Forex Joe will teach how to easily maneuver around most liquid market on earth today. The Forex Markets!

Remember, the amount of quality to attention you place on learning will enhance your growth in Forex Markets. We have made it simple for those without much time along with educational portal for those seeking a new vocation for life.

Yes, the Forex Markets will create more new millionaires in next decade of 21st century than any other business in my and many others opinion.

So don’t despair – those wanting to become full-time stand alone traders will have options to fast track coaching along with best mentors in the business with simplified plethora of material in our OUFX educational portal being currently constructed for Forex Joe’s forthcoming course where you will learn from a pro, trade like a pro, and become a pro following proven road map to success.

Forex Joe

Lead Analyst for 21st Century Forex Trader