A trading plan outlines your financial goals, risk tolerance, and preferred strategies. For instance, will you take a scalping approach for quick trades or adopt swing trading for longer-term gains? Having a plan ensures you stay disciplined and avoid making impulsive decisions driven by emotion. Federal Reserve’s interest rate announcements often create sharp market movements. A key part of profitable Forex trading is staying on top of news and economic indicators that could impact exchange rates. Platforms like Bloomberg, CNBC, and Yahoo Finance are your best tools to stay in the know. To get more information visit here #ForexTrading