I don’t think we should be greed, it’s better to close the trade early then leaving it too late. If we keep the trade open for too long it is only going to make us lose, hence it’s necessary that we close the trade early in profits without been greedy. I usually keep my trade on for long time and having a great broker like OctaFX is very good with their swap free account, it helps me save money which otherwise I might have to lose out on long term trades.
"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.
"Μηδείς αγεωμέτρητος εισίτω μοι την θύραν". Plato
"Toute lucidité est la conscience d'une perte". E. Cioran
There is nothing to sell on this blog. No signals, no "systems" for sale. Just my trading plan and the recording of my trades on eur/usd and the fx euro future recently. And the books, the music, the films I like.
The Forexbird is a professional currency trader. He is also photographer and engineer, a maths and music addict and curious about everything.
Reading Price Charts Bar by Bar: The Technical Analysis of Price Action for the Serious Trader (Wiley Trading) "This is not a book o...
Risk Disclosure
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The author is not liable for any loss or damage which may arise directly or indirectly from the content of this website.
1 comment:
I don’t think we should be greed, it’s better to close the trade early then leaving it too late. If we keep the trade open for too long it is only going to make us lose, hence it’s necessary that we close the trade early in profits without been greedy. I usually keep my trade on for long time and having a great broker like OctaFX is very good with their swap free account, it helps me save money which otherwise I might have to lose out on long term trades.
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