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, 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

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