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Originally Posted by Noor
What you really need to worry about is your low trading experience that still makes you feel like a forex king!!
all the useless trend lines that you draw will make you end up trading the currencies on a hope that the currency won't break your trend line...
when it does break it... you will not have any idea on what just happened... you will simply draw some other useless trendlines trade on the same hope!!!
If you want to talk about fundamentals... Go get your self some education first... then come back write about it!!!
If you really underst fundamnetals you wont have made all these assumptions on the faith of the US dollar by looking at the surface... you need to jump deeply in my friend...
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I'm mainly a technical trader but I do pay attention to news my friend.
News moves the market! When I see the dollar falling on good reportsthat's a sound of alarm for me.
The fundamentals? Did the market care about the precious fudamentals when it hammered ( will keep hammering) the dollar these past weeks?
Again I'm a trend trader if the trend breaks so be it. I don't mess with it. It doesn't matter.
That's what's money menagement for friend.
I don't wanna be right 100% of the time I just wanna make money.
I'm leaving "the have to be right" to you.Lot of profit friend
