Luck In Trading
There are times when you are trading that luck is a big factor.My own thoughts about forex traders luck is that ,if are unlucky in making losing trades you should be lucky one day in making a winning trade.
I have been busy trying to figure out metatrader and to tell you the truth I really hate it. Then on Tuesday night as I was still trying to figure out a good trading system with it I saw the news that the Japanese market was falling.
At that time I didn’t have my xtick on and getting it up would have cost me a trade. And any way I was excited. So I figured why not place a trade in the yen. I don’t like trading the yen .Not because the yen is not a good pair to trade,I just have never in all my trading years made consistent profits in it. The chf and the pound were out of the question as it was the asian session.
So I bit my lip and reduced my trading lot .I figured that if the news was major,I did not need to trade a lot of lots. After the channel I was working on was broken I had to wait for 2 hours for prices to bounce back to it. I got an easy entry at 236.75
I am still in that trade at 230.39 for over 600 pips. Just amazing.
Now for those who had been looking at the other major pairs and have seen no movement yet. Don’t fret, it is coming and I’ll be looking for some movement tonight on the other pairs.
When you get lucky on a trade, don’t forgive the market and there is nothing wrong with expecting more from the market.
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Interesting!! Forex Trading is an exciting world!!