Offensive and defensive skills in foreign exchange transactions
Forex exchange market is like a big arena, which itself does not create any value, but only the constant transfer of wealth. In currency trading there will be three scenarios: money, lose money, peace accounts. Money people earn is the money-losing people's money, so since there are winners and losers, it should keep active . Is well known in the athletics competition in one brake offensive do not understand the defensive team can never win the final victory, although the attack was to win the ultimate determining factor, but the defense is the basis of its two interdependent and indivisible.
In currency trading, how to make money or that of your orders based on is a good offense, how to stop and when not to trade is your defense. If only those in your mind allows you to make money measurement, every day thinking about how to how to deal every day thinking about how to make money, there is a glimmer of hope is necessary to pump once, rather than the time to not do bad either Quotes risks not do the time. Then you should be the ultimate fate of a money-losing, saying that you are a more direct point of greedy traders. When you can tell what the risks are great and not to Quotes transaction, or in the wrong circumstances a timely manner in accordance with your stop-loss order stop-loss, you will have a basic defensive awareness, it can ensure that you can not even earn too much money can not suffer a crushing defeat. Another example is a stop-loss, even after playing back, or you are not optimistic about an opportunity to seize, the state of mind is very calm and still be able to laugh, then you have a point of great general demeanor. In short currency such as the battlefield, not to fill our minds think of how little money to think more of a balance so that you lose money to get money into the ranks of people.
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Date : 02/24/2010
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