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WHAT YOU NEED TO KNOW ABOUT
Because Swing Traders are going to take a beating in 2009!
The reason I say this, is: The Daily Ranges of currency pairs has increased by 2; 3; even 4 times their normal Daily Range. So a currency pair like the EUR/USD that was averaging 125 pips a day is now averaging about 300 pips per day. With those kinds of ranges per day it is nothing to see the market move as much as 1500/2000 pips per week. There is a lot of money to be made as a trader if you're quick and good, but an absolute minefield if you're a long-term investor. Why can I say that? If you are a Swing Trader you simply cannot hold out for larger Stop Losses like you used too because of the big swings from high to low between areas of Support and Resistance, and the leverage afforded in the Forex. Forex Day Trading allows you take advantage of the larger Daily Ranges by getting in and out of the volatile market several times and still being flat at the end of each day. The most important part of any trading system, is understanding how to lose properly. With my system I will trade everyday with you for 1 year live in the market guiding you in and out of the market.
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