There are many Proverbs made about the forex trading in the past. These proverbs are based on the real experiences which we have to take serious. Forex trading is not a game of kids but it is a job for people who have strong mentality. Thank you so much!
%% Great general profit statement; trend is your friend, [because it tends not to end.] Bear trend of 2008 lasted about 52 weeks . 200 day/period moving average is a good measure. But some counterTrends can be real helpful. Market makers/ specialists make money with counter trends all the time. [I'm not a market maker,LOL]One well known big brokerage owner saw all the hype, almost like a trend in bitcon + warned '' it has no fundamental value'' LOL+true.
I see no economic data for support of a bear market[JAN 4 quote]-Larry Williams{He said nothing a about a bear market in CA electric utility/electric cars,LOL}Most likely right for JAN.
"Derivatives are like sex... It's not who we are sleeping with, it's who they're sleeping with that's the problem." - Warren Buffett
“My largest positions aren’t the ones I think I’m going to make the most money from. My largest positions are the ones where I don’t think I’m going to lose money.” - Joel Greenblatt
“It is foolhardy to make a second trade, if your first trade shows you a loss. Never average losses. Let this thought be written indelibly upon your mind.” Don’t double down and dollar-cost average a losing trade. Move on. It clears up mental capital and keeps powder dry for the next opportunity. - Jesse Livermore