Forex Trading – Beginners Guide, 3 Proven Strategies you can start using today : [PDF Download]

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“We have already acknowledged that when we are analysing our anchor timeframe charts we really have a very limited ability to determine what direction the market is going to take.

Instead of trying to do something we are unlikely to succeed at, we prefer to concentrate on doing something that is within our control – namely trading more aggressively when the market behaves as we hope it will, and trading defensively when it doesn’t.

This style of trading demands that we are prepared to accept that we will encounter quite a number of losing trades, however, as we are trading with a good reward to risk ratio, we can comfortably sustain some losing streaks before our ability to return a profit is called into question.

Instead of trying to avoid losing trades or pretending that they don’t exist, we adopt a more pragmatic attitude; we recognise that losing trades are simply a fact of trading life that we must accept and get on with. Losing trades are inevitable, but winning trades are inevitable too – all we have to do is be patient and wait for them to come along.”

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