Posts Tagged Trading
What I mean by this is people who give you a tip to buy or sell something. It may work out (afterall, there's a 50% chance it will go up or down so there's half a chance you may make money) but in the long term you will lose money!
Why do I say this? I say this because as a trader or investor you need to be responsible for your own trading decisions. Should you lose, it's too easy to blame someone else for the loss. Psychologically, you've given yourself a way out and not taken responsibili
October 28, 2011
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To learn more about the DDFX Forex Trading system click here
I'm behind in my updates on the DDFX Forex Trading system due to some family issues to deal with.. however, I have been trading the signals as they come along. It does take a bit of work to put everything together so I hope you understand. I'll write up each week in 1 post to keep the format the same.
Ok, the week of the 5th to 9th September, I traded the GBPUSD and EURUSD forex pair. First up, the GBPUSD pair.
The first en
September 25, 2011
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Today I entered short on Gold after seeing a breakdown in the price action. My stop was in the correct place but what I hadn't anticipated was how much money I could have lost when I placed the trade.
I only realised what I had done after I had placed the order and it got triggered. I usually can deal with a 100 point (or pip) loss which amounts to around 2% of my capital. However, I had gone in at the same stake size as my normal trades but my stop was also the equivalent of 250 pips away wh
September 16, 2011
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