Tuesday, August 26, 2008

Market is swinging here and there but I think its going to settle into a trend soon. Here it goes. Trade with cautions

Short USDCAD @ 1.0550 or better

Long AUDUSD @ 0.8500 or better

The idea of how to be in profit in forex is to have a good system. A system with accuracy of about 80% or better. Then you take trade using a fixed risk. Meaning all your trade have a fixed value of SL but unlimited value of TP. In the long run you will be able to profit since the accuracy is over 80%

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