Late entry, "certified" by my beloved CCI 50, gives a loss most of the time.
1 comment:
Barack
said...
I am always alright going for these type trades where there is risk, but can be rewarding, but the main deal is that we learn to handle both losses and profits, it is next to impossible to get into one way train since Forex is all about managing both correctly. For me it is really helpful given that I work with OctaFX broker where they have excellent benefits with 50% bonus on deposit which is also use able, so that really helps me perform well.
"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.
Einstein, Picasso: Space, Time and the Beauty That Causes Havoc" by Arthur I. Miller. The best of two worlds in one book and the amaz...
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 am always alright going for these type trades where there is risk, but can be rewarding, but the main deal is that we learn to handle both losses and profits, it is next to impossible to get into one way train since Forex is all about managing both correctly. For me it is really helpful given that I work with OctaFX broker where they have excellent benefits with 50% bonus on deposit which is also use able, so that really helps me perform well.
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