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

Saturday, January 23, 2010

Possible downtrend continuation for the EU



From this point of view i will look to sell rallies paying particular attention to bearish candle formations above the 1.4150 to 1.4220 region. It was a crazy week this week particularly on Friday where we see sharp and sudden reversals that go for 50-100 pips. Again, risk management is the key here in this industry. Enjoy your weekend traders ! see you guys next week !
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