Gaining an Edge over the Forex game of Mind, Money, & Wealth
Wednesday, September 07, 2011
van Gecko 08:59 GMT September 7, 2011
Swiss Central Bank Move 'Huge Mistake': Jim Rogers: Reply
SNB caught the market pants down.. must have wiped out many CHF bulls & USD shorts..
lotsa lick wound..count dough going on today.. :)
Swiss Central Bank Move 'Huge Mistake': Jim Rogers: Reply
SNB caught the market pants down.. must have wiped out many CHF bulls & USD shorts..
lotsa lick wound..count dough going on today.. :)
Syd 08:37 GMT September 7, 2011
Swiss Central Bank Move 'Huge Mistake': Jim Rogers:
Jim Rogers says Swiss move a mistake. "the market will have more money in the end than the SNB
linkSwiss Central Bank Move 'Huge Mistake': Jim Rogers:
Jim Rogers says Swiss move a mistake. "the market will have more money in the end than the SNB
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Labels: USD
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Trading is not an exact science contrary to the popular belief of most new or inexperience traders.. In trading, we must allow for some margin of errors within our defined risk & trading time frame.. allowing for this margin of error under the constraint of trading in micro time frames with stops & profit targets all inside a small fluctuating market noise band in hope of achieving consistent profits over time is very difficult, if not impossible.. as whenever we are right, we are only small right within the confine of the small P/L band which limit our odds to playing for break even at best over time.. Trading longer time frames allows for a wider margin of error but at the expenses of increased risk.. however, the odds of being right & achieving consistent profits over time are enhanced when good market analytic & trade management strategies are applied under the proper market bias.. When we are right, we need to ensure that we are bigger right over an expanded profit band in-order to compensate for those times when we are wrong..
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