While seasonal conditions are putting downward pressure on the sales of California single-family homes and condominiums, this isn’t bad news for the state, which has had a turbulent housing history. If we take Forex day trading as an example a currency pair might stay in a range the whole day, sometimes a week or even a few months. If the price crosses the upper part of the range we go up together with the market and if the price breaks through the lower part of the range we go down together with the market. You would have left another order to go with the market and it would have been naturally closed when the stop was hit at the same 1.3460 level.
Even the most famous technical trader of the last century Jesse Livermore experienced that a lot of times and encouraged his fellow traders not to give up because market finally pushes through and a trader who has been patient is rewarded and his losses turn to profits. Note down the current market trends and any unusual market action and prices you observe on that day.
US dollar was going down against major currencies last week and it was very good to trend trade Actually, you would better call it swing trading as the period of the move is very short and most forex pairs are contained within a large range now. Everyone finds there own knack at trading the forex market so don’t blindly fall into a so called forex guru’s marketing trap. Before the market opens, spend about thirty minutes going through the previous day’s trading prices and market trends. The market is not always forgiving, so please don’t attempt to punt the market if you are ignorant.
Many times, the local market is always affected by overseas markets, and global events that are happening. Stop loss orders can prevent all your capital from reducing to nothing in the event of a market crash or price crash. Always work out the percentage of risk you are willing to take before buying and be ready to exit the market when or before the stop loss limit is reached. What is interesting to note, is that two unrelated small news articles lead me to write this story.
Deborah-Diane, that is where the diary comes in useful, for writing down market’s action, prices, important news about the stocks, plus your own observations. Thailand is generally a laid back country where people don’t get uptight about small things going wrong and daily inconveniences; this is one of the things that make it an attractive country to live in or to visit. It is ridiculous to indulge in this practice; please consider these cuddly alternatives and leave the real animals to live in the wild.