Friday, November 2, 2007
Fast 7,5 pips
I went long after previous high break and MA support, left in less than 1 min. with +7,5 pips. I could grab 25 p. out of this but I am not complaining.
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"When i trade at home, I often watch the sparrows in my garden. When I feed them bread, they take just a little piece at a time and fly away.They keep on flying back and forth, taking small bits of bread. You will never be able to shoot a sparrow, it is just too fast. That is the way I day trade". M. Weinstein.
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2 comments:
It is always good to be making quick pips yet we are required to be very careful since it is just about one mistakes then can leave us into massive hole, so instead of winning we might end up with losses, I am extremely fortunate that I have got OctaFX broker with me, so I always able to make decent amount of pips quite easily with having to pay low spread of 0.2 pips for all majors plus having smooth service makes me even happier.
Faulty analysis is rarely the cause of a wiped-out account. A career that fails to begin is never killed by the consequences of erroneous application or understanding of fundamental or technical studies. Other issues that are related to money management, and emotional control are far more important than analysis for the beginner, but as those issues are overcome, and steady gains are realized, the edge gained by successful analysis of the markets will be invaluable. Analysis is important, but only after a proper attitude to trading and risk taking is attained.
Bosun
Get brilliant forex market analyses from FxGlory. Most of the time, I compare their analyses with my own.This has helped me not to tajke some unprofitable trades many time.
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