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, April 29, 2009

Short Entry 28th April 2009



This trade did not turned out well, with possible Target Profit of more than 80 pips. It just when the other way. anyhow this trade was taken as all the fundamentals where pointing towards a strong dollar. But no, the charts are showing otherwise if we look closely at it. out -27 pips for this. Not a reason to go short here even the Pros are EU bearish. never trusts anyone's advice in trading. TRUST ONLY THE CHARTS!

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