Successful forex traders are hard to come by. The statistics are dreadful, and there seems to be agreement on the fact that barely 4 to 5% of forex traders are consistently profitable. There is an interesting article on TheBalance.com that goes into the reasons why so few traders are actually profitable : failure to manage …
Price broke through support level. Stopped out.
Took a long on the support level below.
We have identified a good selling zone and we’re waiting for a sell signal on GBPCAD. Target will be the support zone below. Could provide a good risk / reward ratio.
Hi all, back to work and back to the trading station ! July was a disastrous month with mainly losers and a -6.5% performance. Money ,anagement was respected but trades simply did not playout with a lot of whipsawing. You can still follow all of my peformance and trades on MyFxbook. Now let’s see what this …
Got stopped out on three trades today.
Getting ready with a buy limit on EURGBP just below current prices. I cannot enter at market prices because my risk would be too high, therefore I am waiting for a retracement entry. Stop below previous low, take profit will be a 1.5036 for 1:3 ratio. Risk at 1% of my account as always.
Silver retraced and took me out. Took a second loss on GBPJPY.