Tuesday, December 28, 2010

Thin Holiday Markets

The market is very thin with little liquidity. This hasn't stopped the sell-off in the USD or the ongoing appreciation of the CHF against all currencies. The best approach for small traders is to stand aside until normal market volume resumes in early January. Barring that, one could take very short-term, intraday trades but that's certainly not something I'm going to do.

© Dianne Fecteau, 2010. No part of this material may be reproduced in any form, or referred to in any other publication, without the express written permission of the author.

My purpose in writing this blog is to show you how one trader, me, makes trading decisions and survives while trading Forex. One of the biggest problems I had when I first started trading was trying to apply the “rules” to actual trades. Another was the psychology—limiting losses and letting profits run. If you study my blog, you’ll see how I deal with both those issues. So my writings are not trade recommendations but rather educational in purpose. You have to decide on your own approach to trading. Remember that trading is risky.

No comments:

Post a Comment