You need proper information
Rule number one - never trade currencies in large amounts - I have given warnings on this in Novemeber due to thin markets; trends run further than normal. Technical analysis and trading systems are useless.
Rule number two without a system and money management you are doomed
Rule number three without proper information [and yes you must pay for it] you're in the 95% of traders that don't have a clue what is happening in the markets. Where the bids and stops are on interbank platform is a great tool.
But you don't need the interbank platform; a service used by market professionals that provides live reports on interbank activity like IFR.
Take all analysis on the net with a grain of salt - they are as clueless as both of us.
http://www.ifrmarkets.com/home
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- hate it
You need proper informationRule number one - never trade...
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