Archive for September, 2012
I was reading an article the other day which said that the markets these days are harder than they use to be to make a profit.. 10 - 20 years ago, you could just buy/sell and hang on.. the markets would generally trickle one direction. In this day and age, the market volatility is extremely high and it's not easy to enter the markets and make money.
I don't know how true this is but certainly, the markets know exactly where to hit you and take you out. I have always thought that a stop shou
September 20, 2012
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The AUDUSD forex pair looks like a good long entry. You can see a pullback from the highs and the daily chart shows that a double bottom has been formed just above 10400. I've gone long at the current price (marked E) and put a stop order at 10400 and a target 80 points higher. I'm looking at a 1:1 risk to reward on this trade with a maximum loss of 1% loss on my account if I lose.
My trading these days has become rather boring... I set my trades and let them run to completion.. I know th
September 19, 2012
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I received an email earlier today from City Index to notify me of a competition which they are holding to learn to trade and earn a chance to win £100,000! It is an online training and trading thing where the most successful person they take on wins the cash! The other thing is that the competition will be filmed and broadcast online... looks like fun! However, it does require a committment of 6 weeks from October1st so if you're not up to anything.. you may as well enter!
The link to the
September 19, 2012
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