I still do newbie mistakes, after 4 years in this market. I took the second trade in the fear to miss the move up, got a -15 quickly after entry and freezed like a cat under car lights. Price resumed up and closed the trade on the next turn down with a loss of 7.
1 comment:
Safiya
said...
I think this is quite common, it’s where one needs to be very strong and one should always be aware of best and worst before going in with the trade, it’s only way we will be able to achieve profits and been successful will be possible. I always trade with simple plans and always prefer to stick with it, I get a lot of help with broker like OctaFX, as they are awesome with tidy spreads from 0.2 pips to high leverage up to 1.500 plus many more benefits, it’s all nice and helpful!
"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.
I got a few pips and then I left monitors to take care of my daughters. When I came back, price was 70 pips down...
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 think this is quite common, it’s where one needs to be very strong and one should always be aware of best and worst before going in with the trade, it’s only way we will be able to achieve profits and been successful will be possible. I always trade with simple plans and always prefer to stick with it, I get a lot of help with broker like OctaFX, as they are awesome with tidy spreads from 0.2 pips to high leverage up to 1.500 plus many more benefits, it’s all nice and helpful!
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