Checklists can be very helpful in a number of different professions. For example, a surgeon might find a checklist very important when operating on a patient. An airline pilot regularly uses a checklist to ensure that the pilot hasn’t forgotten a key procedure before takeoff. In a very similar way, traders can benefit from a checklist.

In this video, Giles Coghlan, Chief Currency Analyst at HYCM, will discuss a simple 5-point checklist and how it can be used to help in trading.

HYCM Lab is a financial analysis source that provides regular insights on how global news affects the markets including forex, commodities, stocks, indices, and cryptocurrencies*. Run by the HYCM team, it equips traders with everything needed to make informed trading decisions.