Thursday, June 9, 2011
Price following
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"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.
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2 comments:
We should definitely try to follow the trend as that is risk free way of working but at the same time as you mention using Stop Loss or Take Profits is necessary or else the good chance or trade is going to be wasted. Some people fear using SL since many scam brokers use it as a trick to manipulate and get it hit but since I am trading with honest company OctaFX, I keep SL on as they are a true ECN broker.
I am the kind of trader who likes to lace my trades while travelling. I have found it extremely difficult to keep a track of all the open positions and my orders while I was on the go. FXB Trading has made my wish come true and now I am able to trade and travel, too. The mobile apps available on this website have given me all the real time data that I needed badly to stay in touch with the current status in the market.
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