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Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
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5 comments:
I've been sucking for a year now but still have hope because the system I use works, even if my mind doesn't.
I am using support/resistance/pivot points plus ichimoku/SMA/EMA.
It gives me good clues about where to enter and exit.
Once I learn to ALWAYS have NO emotion, I expect to be able to have some amazing days.
Let me know your email if you want to see screenshots of my setup.
btw, what is your system?
Thanks on your comment.
My email can be found on profile page.
My system if I can call it that way is discretionary scalping.
I wish you luck in learning to always have no emotion.
Thanks.
I break my rules then I almost always lose the trade, which sucks cause even when I stick to my rules I can easily lose then too.
Do the math^_^.
Thanks for wishing me luck.
where is the report for this week? :-)
Hi RCM, I didn't have any other trades this week. I was fuming few days and now I'm ok.
I was in front of charts today but didn't take any trade. That is part of what I was thinking on how to solve my situation. I'm trying to trade everyday like I'm some kind of hero supertrader and I can take ten's of trades a day. Well it isn't like that. Few market conditions suits me and it's better to sit longer hours in front of charts and wait then pretend that I can trade any day when I can't, profitably. That time component (how I'm doing daily, weekly, monthly) is like this is 9-5 job. Why should I trade evenly through time when on one day all is so aligned for me and on another I'm just clicking desperately trying to make sense of a market?
So it's all like some simple commonsense thinking that I neglected while looking for deep reasons of mine emotional pitfalls.
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