$800 Profit on EUR/USD Pair on Oct 13 2008

I got a sold trade signal from one of our indicators and scaled in at 4 Lots. The trade quickly moved in my favor, I took 20 Pips for a profit of $800. I could have stayed in longer or taken some other opportunities that formed up after closing the trade, but I remembered not to try to over trade or force an opportunity that may not be there. Hindsight is 20/20 so it is easy to say, I could have and should have when price moves the way you think it might. It is a totally different story however if you are wrong! DON'T BE GREEDY. BE PATIENT! There will be more opportunities to make money tomorrow, but only if you don't blow up your account today. Besides $800 in a couple hours is nothing to sneeze at!

Category:

Howto & Style

Tags:

• analysis
• course
• currency
• daytrading
• dollar
• easy
• euro
• forex
• free
• fx
• introduction
• learn
• make
• profits
• technical
• trading
• money