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Mastering Risk in Forex
Hosted by: Tony Beckwith
Date: Thu, Aug 6, 2009, 15:00 GMT
Tony Beckwith of risk control trading software specialist MTPredictor shows how you can control the two main types of risk in trading – probability risk and money risk – to come out ahead.
Yesterday the pair tested the lows in the current range at 1.4120. So far that level has held. A break below indicates a swing down, although a move below 1.4100 would help confirm.
1.4060 is the next support level, and a push below that level likely to test 1.4010-1.4000.
On the upside, resistance is at 1.4200, 1.4220, 1.4260 and the highs of the range just beyond 1.4300.
Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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Forexpros.com Daily Analysis - 29/07/2009
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