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After I wrote my previous post I made some changes to my setup which should hopefully help me make more profitable trades:I removed all currencies with a spread greater than 3 pips. What this should do is make it safer for me to make a trade and if it goes ...
Category:
Investing
It seems that I write a post on my blog and then less than 24 hours later I just completely forget all about it. Case in point: Yesterday I wrote that I need to THINK before making a trade, this morning I woke up and straight away I jumped into ...
Category:
Investing
Since I changed my strategy to only work on the currencies which have a very small pip spread I've started having more winners, my only issue at present is that I still don't have enough discipline to hold off from making trades for the sake of doing something. Therefore I'm ...
Category:
Investing
When I originally was studying what bollinger bands were all about I read something about how they showed the relative strength of the currency or something along those lines (I'm pretty sure I have the incorrect terminology). Basically the idea behind what I read was that you go short when ...
Category:
Investing
I'm starting (rather slowly) to realise that patience is the key to being profitable in trading, wait for a high probability trade and then make almost certain money. Last night I managed to buy into an uptrend and made a nice profit, then this morning I blew it all fairly ...
Category:
Investing
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