Trading from Cafe

25 June 2016, 10:28
Sherif Hasan
0
31


Cup with vanilla latte and a bearded guy behind his notebook… This picture can be seen in almost any cafe.

Modern technology allows us to work from anywhere in the world. And in a cafe with free WI-FI, we also have the opportunity to order a snack, tea or coffee ... But most important – we are getting change of scenery, so necessary for the activation of neurons in our brain. Of course, being in café you can sit, scroll and like cats at Facebook or any other network, but today I want to talk about trading from cafe. How to choose good café for trading, what to bring with yourself, how to not interfere with others, which coffee to order and few other things directly connected to Forex trading.

BENEFITS OF TRADING FROM CAFÉ?
First of all, you could have such need during travelling.
Second reason if your flat occupied with repairmen, mother-in-law birthday or far relatives of wife which comes suddenly.
Third, is not the most obvious, but very important reason - to change the working envinroment. The fact is that every day we do the same thing in our brain neuronal connections becomes stronger and stronger. We become more and more accustomed to everything and our brain works worse. Therefore, it is necessary to try something new constantly. Change of working environment will help you, believe me.

Fourth reason - is to increase the level of discipline. When you're in front of other people, it is easier to follow the rules.

GET READY FOR WORK
Note that you won’t sit at café from morning to night. This is inconvenient, so choose the time - it must coincide with the time when you check the schedules for opening positions.
Things that you will need for sure:
- a charged laptop with wireless mouse ( if you are trading on large timeframes you can work even without mouse),
- smartphone (if the Internet disappears, we will use it as modem).

If possible, choose a table for four persons. So you will have a place for snacks, tea and the computer.

CHOOSING CAFE
Choosing café for work, you should look for next criteria’s:
- Fast free WI-FI with no time limits and other nonsense.
- Music should not bother you.
- Café should have convenience location and be cozy.
- Café shouldn’t be noisy and crowded, so MacDonalds not one we are looking for.
- Opening times. Now, many institutions are working around the clock, so it is unlikely to become a problem.
- Note the presence of sockets (sometimes they are hidden in the floor plugs).
A good option would be to go "to explore" some café with your smartphone to check the Internet before going to a place with a laptop. You can easily check it with Speedtest application (there are on iPhone and Android).

Ideal variant can be lobby cafe in the hotel. People from street are embarrassed to go inside, so not crowded, prices are moderate, because café don’t have aim to make a big profits (it's a hotel), and the Internet, as a rule, good. And no one will ask

FOREX IMPORTANT MOMENTS
Let's start with the type of your trading strategy. If you are scalper and used to trade with 6 monitors, just forgot my article. But if you trade at timeframes of M15 and above you should try my advice.
As I said above, combine a hike in the cafe with the time when you are checking graphs. Even if you are trading on the daily chart and checking graphs once a day, try to make it from cafe - the head will work a little better, it’s verified.
Be careful: first time at new place, new environment, you can make mistakes.
Please note that the Internet can be lost at any time and be ready to quickly connect to a network through your phone.
Don’t go into emotions. If the at home you can throw the mouse in the wall in the café you need to control own self.

Wish you a happy trading and profitable positions!
Cup with vanilla latte and a bearded guy behind his notebook… This picture can be seen in almost any cafe.
Modern technology allows us to work from anywhere in the world. And in a cafe with free WI-FI, we also have the opportunity to order a snack, tea or coffee ... But most important – we are getting change of scenery, so necessary for the activation of neurons in our brain. Of course, being in café you can sit, scroll and like cats at Facebook or any other network, but today I want to talk about trading from cafe. How to choose good café for trading, what to bring with yourself, how to not interfere with others, which coffee to order and few other things directly connected to Forex trading.

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