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Tuesday, January 19, 2010

Silence in Forex World

There're often 2 reasons that you experience long periods of silence from forex traders based on my view:  they're either too busy taking profitable trades to bother about updates or else too dejected from the plummets of loss streams.  Paradoxically I had experienced both in my period of silence coupled with my natural aversion for writing generally since the last post.  I had broke even despite my reduced risk by very nice steady increases only to be back to the same point by some steep losses.  The lossses were actually examples of things that will not work and I hope I had learnt that lesson.
 
I was also amused by the definition of a professional trader as I read it somewhere that in the market, you will experience:
a)  large profits some of the time
b)  small profits most of the time, and
c)  small losses some of the time.  The last part is experience
d)  large losses most of the time.
So a pro fx trader is someone that experince the first three and had for long stopped experiencing the last one.  I am seriously struggling to break loose completely from (d) to set my foot firmly on the road to consistent profitable trading.
 
It is attainable.....

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