The markets have been erratic lately. So I decided to stay out until there is some clear direction in the forex markets. The markets have been reacting to the US Govt's bail out news but I did not feel comfortable banking my trades on such news. Though I have missed some good profits, but I have learnt that I should not trade hastily, or to chase the markets.
Never think that the market is wrong.
Never trade when you are confused about the market.
Never trade without a stop loss.
Some of the principles I use for my trading which I picked up from fellow traders.
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