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

Looks like we are still stucked...!

The ECB came and went... and the EU still sandwiched in between the 100+ pips range. Trichet reiterated the strong dollar policy like a broken record and says that the interest rate is appropriate at the moment, not hinting any rate hike this year (maybe)... well same goes with the USD, no possible rate hike as well. so here we are again, trading in the range... boring huh ?
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1 comment:

  1. VinceJanuary 15, 2010 at 12:20 PM

    Yea, altho yesterdays news were out, but still don hv significant movements, todays one jz moved downwards, see whether it would break the daily anot.. =)

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