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, August 27, 2009

27th August 2009





The pair seems to still stucked in a range near the upper resistance which happens to be very close to the year high at 1.4450 region. so far we are yet to witness strong buying pressure to push above the high at 1.4447. Price now trades around that region. on the whole the uptrend channel which can be clearly seen in the daily chart still holds.

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