Archive for the ‘Forex Trading’ category

Preparing to Trade with Real Money

March 9th, 2010

The forex market had been range trading pretty much the whole of yesterday (Mon)… Today, I finally see some movement… However, unfortunately till now, I’ve not spotted any MACD Divergence that I am confident of trading…

I intend to start trading with real money as soon as I spot a good chance… but the irony is, when I was paper-trading, MACD divergence were spotted almost everyday… now that I am ready to try with real money… I can’t find a single trade… Not that I am stricter with my selection now… There just isn’t anything suitable to trade… Well, actually, there are some potential trades based my reading of price action… but I am still a novice in that regard, so I am not confident enough to trade them without confirmation from MACD…

I’ll be patient… cause the ability to overcome fear and greed is the ONLY way to win in trading…. Here’s an article written by a fellow forex trader that I think makes a lot of sense… and it kind of answers a question that I kept harping on in some of my older posts… “What is my edge in Forex trading?”…