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

Thursday, June 4, 2009

4th June 2009

EU retraces after touching the high of 1.4337 today. News regarding "no alternative to the dollar as world reserve currency" today helped to push the pair down from its overbought level. on thursday we will see data coming out from the euro zone with the much anticipated interest rate adjustment news, traders seem to be selling to protect their gains from any uncertainties that may bring from the news tomorrow. support at 1.4100 and 1.4050 area.

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