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Catching a Falling Currency Pair is like Catching a Falling Knife

From dailyfx.com

Over the last week or so the USDJPY currency pair has been on a tear to the downside. Many traders who shorted the pair early on are now showing a nice profit. Traders who missed an entry however are now sitting on the sidelines, maybe kicking themselves, trying to figure out a way jump in on the move as it continues to the downside. First of all, if you did miss the move, don’t beat yourself up. The very best traders out there will miss trades. It is simply a part of trading. Going forward in your trading career, there will be more trades that you catch and there will be more trades that you miss. Next, just as you ... (full story)

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  • Category: Breaking News