Coming late in the trend minimizes the gains and increases the risk of a reversal.
2 comments:
Omer
said...
There is nothing like late or early in Forex if we have the ability we can get the right trade any time we just need to be active. I am lucky that I am trading with OctaFX broker where I get excellent opportunity with their low spread of just 0.2 pips so using this low spread I can do scalping any time and to make profit is no longer a major concern it’s all about maintaining consistency which is upon me only.
there is no doubt and difficulties when running trading and can be confident to gain profit, if the trader already has the understanding and knowledge of the maximum, and good trading management. I am very fortunate to join the FXB Trading broker, as it provides real time data to keep traders well informed about currency updates around the world to help me make a successful trade.
"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.
2 comments:
There is nothing like late or early in Forex if we have the ability we can get the right trade any time we just need to be active. I am lucky that I am trading with OctaFX broker where I get excellent opportunity with their low spread of just 0.2 pips so using this low spread I can do scalping any time and to make profit is no longer a major concern it’s all about maintaining consistency which is upon me only.
there is no doubt and difficulties when running trading and can be confident to gain profit, if the trader already has the understanding and knowledge of the maximum, and good trading management. I am very fortunate to join the FXB Trading broker, as it provides real time data to keep traders well informed about currency updates around the world to help me make a successful trade.
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