USDCHF long Forex trade
I went long the USDCHF at 1.1370 thinking it would bounce up from it's current consolidation zone. I had a stop at 1.1335 but the market didn't feel right so I closed early for a 20 pip loss.
I went long the USDCHF at 1.1370 thinking it would bounce up from it's current consolidation zone. I had a stop at 1.1335 but the market didn't feel right so I closed early for a 20 pip loss.
Well, the market went my way and hit my target for 144 pips which was healthy. However, the market continues to fall and I've left another 70 pips on the table..
The question has been asked many times, is it possible to become a successful trader only trading part time. I'd like to think that it is as this is what I am doing.. I hold a 9-to-5 job (which I really enjoy) and am trading in the periods where I have time.. this includes any days off and in the evenings. However, there are people who say to me that in order to be in the consistent 5% that make money, you need to dedicate yourself to the craft of trading. I think trading takes a lot of time t