Tough Market Conditions

Posted on Tuesday, April 13th, 2010 at 1:55 pm.

Thus far this week the markets have been hard for me to read. I have taken a few trades only to end up closing them out early, or have them hit my stop. Maybe I have been a little impatient or over zealous to get into trades that I have been coming up short thus far this week. The beauty of the Forex market is that you can make your week in one trade, your month in one day and your year in one week. If you know what you’re doing that is, basically plan your trade and trade your plan, don’t risk much on any one given trade and keep your risk to reward ratio in your favor as often as possible, last but not least, trade based on logic, not emotion. Follow those seemingly simple rules and you will become a profitable Forex Trader.