It’s always nice to collect up few pips here and there, but at the same time we got to manage up the risk, it’s only where things matter, if we are not able to manage risk and in trying to gain few pips, we could end up throwing many, so that’s where we got to be seriously careful. I never worry too much because of OctaFX broker and their tidy conditions to do with low spreads starting from 0.2 pips to high leverage up to 1.500 plus many more such features.
"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.
2 comments:
Hi Forexbird,
Do you still limit the number of trades you take? Also, do you limit the amount of time you spend trading?
Thanks.
DT
It’s always nice to collect up few pips here and there, but at the same time we got to manage up the risk, it’s only where things matter, if we are not able to manage risk and in trying to gain few pips, we could end up throwing many, so that’s where we got to be seriously careful. I never worry too much because of OctaFX broker and their tidy conditions to do with low spreads starting from 0.2 pips to high leverage up to 1.500 plus many more such features.
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