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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
Btw the total of reserves upgrade of eur banks and rollover of bonds and bonds new issue dwarfs
Bernanke's QE2.
hope i was right about usdx rebound
Before you ever even think of trading, you need to first determine the amount of risk you are willing to take on a trade.
How much can you risk psychologically, emotionally, and financially before taking a loss that will put you into the fetal position, sucking your thumb in a catatonic state of existence?
Once you know how much risk you can stand to take, you can then begin to consider which time frame you should trade. You must match the risk you are personally willing to take with the amount of risk in the market.
Lets say you are willing to risk $300 per contract. Does it make sense to risk $300/contract using a monthly chart? How about a weekly or daily chart? Do you see where Im going with this? You need to choose a time frame in which the average risk/trade is around $300 or less.
I wish you happy New Year, Year full of success and happiness.
Btw I hope the forum have benefitted from my wisdom in the forex market in the last two weeks.
I made lots of calls which if they had been followed you will have had a very happy new year.
Just for example the Call I made in the Eur/usd last night, GBP/YEN
And the USD/CHF, and The most important AUD/USD..