People use to ask what is the most important thing to LEARN when it comes to trading. I think the answer is simple - PATIENCE.
Simple as it may sound but most people lose money because they lack it. If you trade on a DAILY basis, I can only wish you good luck. If you trade a few times a week, that would also not be wise. If you trade once a month, then you are not a trader. If you are wise, you would only TRADE when the OPPORTUNITY arises. And this is where you would need the necessary skillset and experience to find out WHERE the opportunity are!!!
The current rise in EURUSD is not because of the impending ECB rate hike. It is because of what the Fed might do next.
Have a great week.
P/S : As usual, do not just believe what I say. Use your common sense.
Simple as it may sound but most people lose money because they lack it. If you trade on a DAILY basis, I can only wish you good luck. If you trade a few times a week, that would also not be wise. If you trade once a month, then you are not a trader. If you are wise, you would only TRADE when the OPPORTUNITY arises. And this is where you would need the necessary skillset and experience to find out WHERE the opportunity are!!!
The current rise in EURUSD is not because of the impending ECB rate hike. It is because of what the Fed might do next.
Have a great week.
P/S : As usual, do not just believe what I say. Use your common sense.
Trade closed: target reached
As anticipated, we have reached our target.Patience is required.
Now we wait for the Fed Dot Plot next week for our trade.
:)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.