DislikedI guess, my perspective is that, through experience, I learn to determine what types of scenarios are worth the risk. For instance, 3% of my account is worth a certain amount of USD, and as an American, I know that I can go out and buy stuff with that USD. Therefore, it places a value on that 3% for me. (This is also where a lot of the emotional turmoil can come into play.) After some experience, I learn what is more likely to eat my account and what *MIGHT* increase my account. Then, when a similar scenario arises, I then make a determination that...Ignored
FX is new to me and although i'm a 'veteran' of successful share trading, FX trading has been up until recently a completely different approach to my shares trading. With shares I don't consider bar indicators (BUOB's, PB's and the others) or swings high/low or BRN/PPZ's but with my new FX experience, when I have more time, I will backtest these into my shares to see if there is an improvement. On the flipside, these past few weeks I have integrated more of my share trading methodology into FX with immediately positive results. The point of this paragraph is to wholeheartedly concur with you regarding experience. It is essential to successful trading, no matter what trading field you're playing on.
So with experience and only experience I am learning! Happy days.
Gregory, at the risk of being sanctioned by the moderators for going off topic (just 1 last question I promise), do you trade shares largely the same way you do currencies?