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Tuesday, 8 February 2011

Forex Market failing to trend

Trades are a little thin on the ground at the moment due to the Forex market failing to take any consistent direction. Although I did miss a great Smart Trader trade on the Nzd/Usd this morning (7735 long) as I wasn't up and in front of my charts in time for that one! 

When the Forex market is quiet, this is when you must apply much self imposed patience and discipline NOT to trade. The Smart Trader strategy will indicate when a trade is forming, so please don't be tempted to jump in too early. 

Happy trading!

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