Out of Control
Thursday, March 5, 2009
My forex demo account this week is out of control. Losing the trade
is the price I have to pay for not having the stop lost. Now I realize that
a winner must be able to take lost. In fact, winner is the loser who never
quit (this is true at some point). Luckily, it is not my real account. The price
movement is very unstable this time, so there is no clear indicator that show
me where the price is moving. That is what forex trading is all about. Timing
to enter and exit is the most important agenda for retail investor. Will have the
rest of my day in this week to train myself to trade effectively.
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