Update on supports and resistances. ( 23/02/2012 09:39 )
Pivot: 1.323
Our preference: Long positions above 1.323 with targets @ 1.332 & 1.335 in extension.
Alternative scenario: Below 1.323 look for further downside with 1.32 & 1.3175 as targets.
Comment: the RSI is supported by a bullish trend line.
Key levels
1.3375
1.335
1.332
1.3291 last
1.323
1.32
1.3175
TIPS:
Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.
Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.
Hello Everybody,
BalasPadamI've created a list of the highest ranking FOREX brokers:
1. Best Forex Broker
2. eToro - $50 minimum deposit.
Here is a list of top forex instruments:
1. ForexTrendy - Recommended Probability Software.
2. EA Builder - Custom Strategies Autotrading.
3. Fast FX Profit - Secret Forex Strategy.
Hopefully these lists are benificial to you...