Forex Review on a Past Trade EUR/CHF
I promised to send you an update on our trade a few weeks ago. I know many people are already waiting for this.
The Trade to Review is EUR/CHF
This was a major risk for me, however, I was upstimistice. I knew that market would go the same direction as expected but that it would take a while.
After over a week, we could see what happened below:
Please, look carefully at where the trade was sold and you will be surprised that the trade went against us. If at this time, you are not a good FX trader, you would have closed the trade thinking that market would go the opposite direction from the direction you intended. this assertion would have made you close your trade after losing some amount of money.
This is where skill is important. You must be sure of what you are doing otherwise, losing money would be as easy as breathing in and breathing out.
We maintained our position and kept looking at the market trend ans some very important indicators that proved to us that market was actually going to go in out predetermined direction.
This went on for about a week. I kept checking the indicators each morning and evening to be sure of what I was doing. Eventually, we hit it very big.
You need to be sure of what you are doing in the market world otherwise we would think its like gambling. You cannot ever gamble with money.
I always warn that we do not use money meant for important things for trading. even professionals do not do that. Use any money you can do away with to trade before you eventually start trading.
Your best friend=Your good Wife