"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
Wednesday, March 3, 2010
Expect powercharged moves in EU tonight
With the meeting going on about plans for Greece and also ADP and ISM in the news later tonight (+8 GMT), we might expect some super moves in the pair. EU now trades in between 1.3700 and 1.3600. watch for a break beyond this range later.
This blog is use primarily to share my analysis and also global economic view with fellow traders worldwide. a little bit about myself: i have a background in engineering and some in finance. I am a person with a passion for trading the financial markets and a thirst for knowledge to understand the global economy with respect to crowd psychology. i'm also charting enthusiasts emphasize mainly on candlestick price action. You can drop me an email at zhao168@gmail.com
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