Trading Results: Second Trade

Sunday, February 21, 2010

Actually, GBPUSD is going up to build the momentum, and I've made an adjustment to reduce profits, but finally the pair fall down in a very huge movement. However, I've made it green, just not green enough. My weekly target got hit and I've made profits, but not much. I can make more profits if I keep my original trading plan. Adjustment, is necessary to reduce the risk.

By the way, I'm happy to hit the green pips. I'll formulate my third trading strategy today, or maybe the day after today. This time, I'll trade more than one pair. It's good to trade if we know what we are doing. But first, please understand that forex trading is a psychology thing and the risk involve is always there.

Happy trading for all forex traders.

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