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

Friday, July 3, 2009

3rd July 2009

The "double whammy" day came and gone, NFP seems to paint a rather gloomy picture yet on economic recovery. Market participates took this as an excuse to cut back on riskier assets, thus the fall on EU today to retest the 1.4000 support. Price might range above 1.4000 at the moment. If we do see a clear break at this area, price will target 1.3900 and subsequently the 1.3800 area.

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