puffy
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- Status:
- Member
- Last Online:
- Apr 2, 2011
- Using Local Time:
- 9:13am
- Joined Forex Factory:
- Dec 2010
Input by puffy
About
- Trading From:
- Singapore (map)
- Trading Style(s):
- Technical Analyst
- Favorite Trading Book:
- Any book by Yeo Keong Hee. Way of the Turtle by Curtis Faith. (Amazon)
- Biography:
- My goal is to be a disciplined trader by sticking to my trading plan and risking less than 3% of my account balance on any one trade.
No strategy can be 100% accurate. Taking losses is part of trading Forex.
Trading is about mastering my own psychology and being consistent. Complicated strategies are not necessary. Trade well and the pips will come.
There are no certainties in Forex, only probabilities. Even with high probability setups, profitability depends to a large extent on money management i.e. keeping risk exposure low (<3%), keeping risk to reward better than 1:1
Currently reading Technical Analysis of the Financial Markets by John Murphy, and Trade Your Way to Financial Freedom by Van K Tharp.
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