You can NEVER lose trading Forex if you take a profit and are not greedy. At 2:02 PM today after the FED Rate decision came out I shorted 2 positions of US30 or the Dow and I closed ALL 3 positions including the one that I put on yesterday and now the markets have reversed after Janet Yellen spoke at her Press Conference at 2:30 PM and since she came across as uncertain and dovish the market turned around having been down 162 points , I was NOT GREEDY and locked in the 3 profits. That is a very important lesson to learn. You cannot ever lose taking a profit especially a good one.
I closed all three positions at 2:28 PM for a Net Profit of $2139.00 US and my out lay of funds was $3150.00 US
Not bad for 30 minutes work however I knew exactly what to do and why because I have been doing this 10 years and I know what to do to make money trading currencies.
More to come later as I read the research from my normal information sources. Have a nice evening. !!!
I closed all three positions at 2:28 PM for a Net Profit of $2139.00 US and my out lay of funds was $3150.00 US
Not bad for 30 minutes work however I knew exactly what to do and why because I have been doing this 10 years and I know what to do to make money trading currencies.
More to come later as I read the research from my normal information sources. Have a nice evening. !!!