Beware profit taking on Fridays.

Discussion in 'Forex - Currencies Forums' started by SamClemensMT, Jan 17, 2015.

  1. SamClemensMT

    SamClemensMT Well-Known Member

    Joined:
    Oct 2014
    Posts:
    167
    Likes Received:
    0
    This week the dollar finally gave a lit bit of control back to the yen. I that it would happen. I just didn't want to be in and out of the market. So, I didn't take any profits out of the market today prior to the 4:30 PM (EST) close. I still like my position. The USD will resume its decline relative to the yen by 12PM (EST) on Monday.
     
  2. Benigna Mazzi

    Benigna Mazzi Senior Investor

    Joined:
    Jul 2020
    Posts:
    966
    Likes Received:
    11
    To reduce risk, use low leverage. It is suggested because many traders analyze the market in the wrong way that leads them to lose. In our traders, technical analysis is mostly preferred. Eurotrader provides market signals on and off to help their traders gain profit.
     
  3. Shibu Lavin

    Shibu Lavin Senior Investor

    Joined:
    Feb 2022
    Posts:
    511
    Likes Received:
    0
    Many traders are fighting to develop this ability but they are not on the right track. But this ability development goes through a few steps so it’s difficult for traders. But passion and interest help traders traverse this way.
     
  4. Lindsey J. Crosby

    Lindsey J. Crosby Senior Investor

    Joined:
    Jul 2020
    Posts:
    773
    Likes Received:
    3
    Trading passion helps us get our expectation and learning tendancy increased. Those who lack this quality cannot afford Forex trading. FXOpulence is a recognized ECN broker that provides traders high security of funding. They encourage traders by offering different packages of facilities.
     

Share This Page