ALWAYS REMEMBER:Missed money is always better than lost money!The golden rule is this: Technical trading should be primarily systematic with a touch of "gut check". Price and time are pivotal at all times. Technical methods are not based on analysis of fundamental supply ordemand factors,political news, or acountr's economic profile.
Rather,to our plesure, technical trading give us a good handle on how to answer these critical question.
.How and when to enter the market.
.How much lots to trade at any time.
.How much money to risk on each trade.
.How to exit the trade if it becomes unprofitable.
.How to enter the trade if it becomes profitable.
Tuesday, May 22, 2007
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