Two Common Trading Misconceptions
From news_archive.php?id=90523
Not only have I gotten to learn from my own mistakes, in my position as a customer man, I get to learn from the mistakes of others. One of the most common mistakes non-professionals make in trading is they believe market movement is pre-determined. No matter how easy it looks at times, with the technicals mirroring the fundamentals -- as happened this morning w/ the non-farm payroll and the technical sell signal immediately following in the US stock indices, and the buy trigger in GBPUSD and sell trigger in USDJPY an hour later-- market movements are not predetermined and we never know when a trade will be a nice ...
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