I always avoid late entries, as I believe we often do it out of frustration or greed, so better not to do it. I always focus on trading when I am certain and if I miss my chance then I wait for next proper chance instead of trying to enter in hurry. It’s helpful with broker like OctaFX, as they are world class with their ECN account, I can really trade well without having to worry over slippage, re quote or any such deals, it keeps me comfortable.
"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 simultaneously two books on Technical Analysis, one good and one (very) bad. The good one is this, by Martin Pring . All you need to...
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 always avoid late entries, as I believe we often do it out of frustration or greed, so better not to do it. I always focus on trading when I am certain and if I miss my chance then I wait for next proper chance instead of trying to enter in hurry. It’s helpful with broker like OctaFX, as they are world class with their ECN account, I can really trade well without having to worry over slippage, re quote or any such deals, it keeps me comfortable.
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