Sunday, January 28, 2007
Forex Day Trading System - Continuing on Money management
Forex Day Trading System - Continuing on Money management
One important point that I missed in yesterday's post is that trade with discipline..Which is about following the rules of your trade..If the technical indicator of your analysis such as EMA, RSI, fibonacci etc are saying to exit, then exit..Don't hold on to the trade thinking that it may yield more profit when indicators are saying that it may not..Same is the case for entering the trade also..
A disciplined trader is more likely to end in profits consistently using a forex day trading system than one who doesn't follow the set of rules..
Its true not only during trades when you are using your knowledge to place trades..Its true when you are using any forex trading software or a signal service when you should do so..
Thats all on this weekend post..Visit again to learn more on currency trading, a lucrative trading market in the world..
One important point that I missed in yesterday's post is that trade with discipline..Which is about following the rules of your trade..If the technical indicator of your analysis such as EMA, RSI, fibonacci etc are saying to exit, then exit..Don't hold on to the trade thinking that it may yield more profit when indicators are saying that it may not..Same is the case for entering the trade also..
A disciplined trader is more likely to end in profits consistently using a forex day trading system than one who doesn't follow the set of rules..
Its true not only during trades when you are using your knowledge to place trades..Its true when you are using any forex trading software or a signal service when you should do so..
Thats all on this weekend post..Visit again to learn more on currency trading, a lucrative trading market in the world..
