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, January 15, 2010

EU back below 1.4447


There was a sharp sell off in asia this morning following a a rumor that German Chancellor Angela Merkel might resign having lost the support of her coalition partners. The sell off was fierce and managed to break an important support level at 1.4447. The pair now trades below 1.4447 level and might open room for further downside towards the 1.4300/4250 support.
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1 comment:

  1. VinceJanuary 15, 2010 at 12:22 PM

    No wonder it had such big drop amid yesterdays not so gud news for USD..

    ReplyDelete

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