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We have a banked profit on two and the yen on the B Pound using this method, which uses resistance and support, stochastics and Bollinger bands and thats it.
The more I read, the more I learned and the more I
liked it. Then I started considering the statistics and the likelihood of choosing a winning money that could make me money, and then I feel in love with it. ReadVERY carefully and the next few paragraphs VERY slowly. Following that, then read them a couple times. You will find out making money in the ###contextlinks1### markets isn't that difficult.
No sleep. No distractions as you are currently working. The reality is that trading on a small time frame works best for a individual. It's the person who has time on their hands that could trade on larger time frames. Here is another reality. Most folks find they do not want to be because of the anxiety.
Here is the reality. As the hours pass the concern for your commerce, once you are in the
creates stress that you continually need to check on it throughout that time. Result: lost sleep,
at work. This particular myth is the reason so many fail.
Making short term "in and out" Forex transactions once the market is fast moving and is in an established trend will certainly limit the profit potential.
Volatility can go anywhere in a few hours (and does) so, all that happens is stops get hit and you end up with a great deal of small losses. Because you're not running profits to cover them, you're simply destined to lose.
For instance, you have a trade would like to go and opened. So when you start, you are at zero pips gain and zero volatility loss. You use FAP Turbo to set your trailing stop. Now if it's just
one of these days, and the fx market spirals down, that commerce wills shut if it gets to 20 pips down. When you start and the market rises, your stop loss will rise.
Try to assess whether you can become disciplined or whether you lacked discipline. The time after a loss may be used and to alter your modus operandi or inculcate a more systematic approach. Learn to spot the signals of the errors that you can spot them the next time they come before the damage is done. A systematic approach simplifies work and increases chances of slipping in the future.
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