So 1,5 years passed since last trades!Really a long period of time. And it is nice to finish the day with tiny profit.EUR/USDA.6.06.13 we had a HUGE 230 pips up-move!7.06.13 we had 99 pips reverse down move.After such "turbulence" it is normal for the marketto have some rest and recover in flat channel.B.It means today we may have lazy Monday with some40-60 up-down swings.This was the main idea for ultra short stop loses - nottoo much place for reverse.The idea was correct: during European sessi…
sattva's Blog
Risk Management is the main point
Hello. "Broco" dealer died last summer and I lost 2500 USD. Decided to trade with broker who has all licenses and banking activity (not only FOREX dealing).So want to try Dukascopy contest for practice and open real account in Winter 2013.Possibly will build some software to control jForex Java application. I don't care about contest as it destroes risk management basics.My normal risk is 3%-5% per trade.Solid stop loss not more then 30 pips. Example:Balance: 100 000 USDRisk: 3% = 3 000 USDRisk:…