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

Tuesday, September 1, 2009

1st September 2009



based on the monthly chart, the EU is now at the resistance formed from the year high at 1.4450 area. the emergence of the spinning top in the monthly chart might indicate a pause for the rally. A correction might be in the cards as well as most global markets are in the oversold area, thus hampering the move up in EU.
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