A Day in the Life: Professional Trader's Daily Routine
A Day in the Life of a Professional Trader
Morning (7:00-9:00)
7:00-8:00 Morning Preparation
- •Check overnight news
- •Analyze Asian market open
- •Review positions
- •Plan the day
8:00-9:00 Market Analysis
- •Technical analysis: Key support/resistance
- •Fundamental analysis: Important economic data
- •Market sentiment: Capital flows
- •Identify trading opportunities
Mid-Morning (9:00-12:00)
9:00-10:00 Pre-European Open
- •Final trading plan confirmation
- •Set price alerts
- •Prepare for entry
10:00-12:00 Active Trading Period
- •Execute trading plan
- •Monitor positions
- •Dynamically adjust stop-loss
- •Record trading reasons
Afternoon (14:00-18:00)
14:00-15:00 Lunch Break
- •Short rest
- •Avoid fatigue trading
- •Keep mind fresh
15:00-18:00 European Session
- •Continue market monitoring
- •Look for new opportunities
- •Adjust existing positions
Evening (20:00-24:00)
20:00-24:00 US Session
- •Most active period
- •Important data releases
- •Highest volatility
- •Strictly execute plan
After Close (24:00-)
Trading Review
- •Record all trades
- •Analyze success/failure reasons
- •Summarize lessons learned
- •Update trading journal
- •Prepare tomorrow's plan
Weekend Work
Saturday
- •Review week's trades
- •Calculate P&L statistics
- •Analyze strategy effectiveness
- •Learn new knowledge
Sunday
- •Analyze next week's market
- •Create trading plan
- •Mental adjustment
- •Adequate rest
Important Notes
- •Don't overtrade
- •Maintain regular schedule
- •Rest and exercise appropriately
- •Maintain physical and mental health
*Successful traders have regular schedules and strict discipline.*
Latest News
EUR/USD flat lines around 1.1900; looks to US NFP report for fresh directional impetus
The EUR/USD pair is seen oscillating in a narrow trading band around the 1.1900 mark during the Asian session on Wednesd. Free forex trading training by FX Killer.
Australian Dollar holds gains as China’s CPI rises in January
AUD/USD recovers its recent losses registered in the previous session, trading around 0.7090 during the Asian hours on W. Free forex trading training by FX Killer.
Silver Price Forecast: XAG/USD bulls seem hesitant below $82.00; US NFP awaited
Silver (XAG/USD) steadies following the previous day's modest pullback from the $84.00 mark and trades with a mild posit. Free forex trading training by FX Killer.
NZD/USD hamstrung near 0.6050 with US NFP in the barrel
The New Zealand Dollar is trading in a well-defined uptrend on the daily chart, with price holding above both the 50 Exp. Free forex trading training by FX Killer.
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