The Secret of Successful Trading

"Successful traders have a larger edge and better money management than unsuccessful traders. Unlike popular belief however, this study shows that the smaller edge of successful traders is not the cause of their failure. Traders' failures can be explained almost exclusively by their poor money management practices."

"The Secrets of Successful Trading", Fernando Diaz

Wednesday, March 4, 2009

EU update 08:54

the EU had finally broken the psychlogical support at the 1.2500 area. if price stays below this key area we might see further downside towards the 1.2400 and subsequently retesting the swing low created in october 2008 a break below this 1.2330 area will entice further selling pressure on the pair.

a bounce from yesterday low would be a good short
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