Ashraf's Book: Currency Trading and Intermarket Analysis

From twitter earlier today:


Its important to understand difference betwn retracements & new trends. The more u confuse between the two, the quicker ull lose $$ in margin trading

Brokers love clients that gets easily crushed by 100 pip retrecemetns. This is a $4 trln/day mkt w/ hedgefunds, central banks, supranationals, treasurers & brokers.

Do u think these big players CARE about 100-pip moves? NO, cuz, they trade 5-1 maximum and not 100 or 200-1.

And so while u agonize how 70-80 pips could eat up ur account, such moves are a flash in the pan for those bog players. They are the ones who MOVE the mkttheir intraday risk base stands at a much greater 300-500 pips.

An intelligent speculator uses leverage in his favor; a gambler uses leverage to burn himself.

Why do u think some allow up to 400-1 levrg?

Therefore, you must put in the time to learn Tech Analysis, fundamentals and sound Money Mgmt (read books apply your knowledge) and work very hard. But never blame ur losses on bernanke, your broker, business channels, or politicians.


Ashraf