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

Monday, December 7, 2009

7th December 2009

The EU seems now to have broken an important level of daily support trendline. The rising wedge in H4 chart recently had fulfilled its prophecy. Today we have Trichet and Bernanke on the news. both are expect to deliver speeches around 8-12AM EST. with the EU now at an important support, their speeches might move the market today. So, keep an alert on and trade carefully.

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