FOREX TRADERS

[jrbscrazy]

That's the downside to trading short timeframes in my opinion. Not much room for error. In my case, I have made a more than one error over the past 6 or so trading days that had me down over 1000.00. Since i'm looking at longer timeframes, i have room to move. However, I read that you look at the longer timeframes to check for trend before making trades on the short timeframes. This probably greatly reduces your risk. The move earlier was unrealistic, so i'm sure it burned a lot of traders. It'll probably come crashing down. I read that the reason for the move is a rumor that we(the U.S.) will be doing some form of quantitative easing today or over the weekend. If the rumor proves false, eur/usd may come come crashing back down.