Monday, October 13, 2008

Forex Trading

Currently, I'm trading in USD/JPY and EUR/JPY pairs which suit my timing (Asia).

Using some high probability setups for most of my trades, the results have been consistently good. The method that I'm using is not that straight forward though, as in order to further increase the probability of winning the trades, I need to take into consideration of some factors such as timeframes, trends, time of trades, risk and return etc. But the effort put in is definitely worthwhile.

Comparing using a simple method with lower probability of winning to a more complex method with much higher probability of winning, I would rather choose the more complex one as the main objective of trading is not about simplicity but is about increase the probablity of winning as many trades as we can. To me, a complicated method can become simple if we keep practicing it.

Practice makes perfect!

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Disclaimer

All postings and comments are based on my personal opinion. It is purely for sharing purpose and no inducement for any buying or selling.