A short on audcad

FX:AUDCAD   澳元/加元
26 0
This is how i trade ,i ask myself the following 3 questions before taking a trade
What do i want?
What and how much am i willing to give for it?
now i took a buy on this pair up there when it had a false break out and got stopped out (being stopped out it meant that my trading idea was not correct,this is because i place my stops strategically such that if they are hit it means my idea was wrong)
it costed me 25$ after what i said another opportunity will present itself again to me and here it is
the pair found support and broke it we have a close below the level
so to me its more profitable to sell than buy ...remember no one can control the market movement but we can control where we enter ,we can know what and how much we are risking at least that u do know once u place and u can control it.we have to understand that trading brings two outcomes gain or loss...so when we take a position its good to focus more on the risk side
for me i take this sell because it presents me with a risk (worthiness of my stop loss) which i can stomach if it does not work out my account will still be alive since the 25$ i lost previously was covered up by another winning trade and it provides me with more reward than risk

Good set ups or not,good trading system or not,News or not Forex is a probability game and we need to ensure that our risk is less and reward is more...
no retail trader knows exactly where the market will go after taking a position
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出