Wednesday, February 16, 2011

Prices compared to 2010 year end

The chart below shows that only the Aussie, EURGBP, and USDCAD have gone down so far this year. GBPJPY has gained the most in both pips and percent and all the yen crosses have done well in general.

© Dianne Fecteau, 2011. 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.

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