Sive Morten
Special Consultant to the FPA
- Messages
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Hi, Bilton
Well, I can tell only one thing - the approach to trading is an absolutely personal. There is not one definite way to trade that is right and others are wrong.
Hi Sive
News are manipulated. The economy in Europe isn't worse for a dime than the american. The USA are exactly as bankrupt as Greece, that means, the USA won't never be able to pay their debts as nearly all countries. So your previews are fine to the extend that you are interpreting well the manipulation and sentiment of the moment. But as the news are manipulated, all can change in a moment and you would have been wrong. For our sake (to make money in the FX market), only price action with very good trade management (T-R-A-D-E management, not money), means very small stoplosses (when the stoploss is bigger than 15 - 20 pips, you don't take the trade, there will come the next) and quickly move it to breakeven, is the more reliable way.
Well, I can tell only one thing - the approach to trading is an absolutely personal. There is not one definite way to trade that is right and others are wrong.