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what do you check for before you open a buy/sell trade?

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@segun_33 - 2 months ago - Risk Management

Hi members, just curious about what you check for on the charts before you decide to enter a trade. Are there any specific things you look out for before you enter the market?

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@paul_petit - 2 months ago

I usually check the spread of the instrument to be sure the broker has not increased it. I then check that I am about to trade the right instrument because sometimes i can have many charts open at the same time and could erroneously trade a wrong instrument.

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@george_kramer - 2 months ago
Quoted - paul_petit

I usually check the spread of the instrument to be sure the broker has not increased it. I then check that I am about to trade the right instrument because sometimes i can have many charts open at the same time and could erroneously trade a wrong instrument.

@Paul this almost happened to me today. I was on GBP/USD chart instead of EUR/USD and I almost placed a trade on it but i cross checked and found out i was on the wrong chart.

@paul_petit
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