"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, May 27, 2009
EU update 2:42PM
The pair did not break higher yesterday after bouncing off one of the support areas. Today we might see EU trading in a range until either it breaks out from the range of yesterday low or 1.4050. Resistance: 1.4000, 1.4050 Support: 1.3900, 1.3850
This blog is use primarily to share my analysis and also global economic view with fellow traders worldwide. a little bit about myself: i have a background in engineering and some in finance. I am a person with a passion for trading the financial markets and a thirst for knowledge to understand the global economy with respect to crowd psychology. i'm also charting enthusiasts emphasize mainly on candlestick price action. You can drop me an email at zhao168@gmail.com
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