Before you consider risking your money in a trading account, it is a good idea to make sure the method you plan on using works in both up and down markets. The biggest hurdle to profitable trading is not deciding which direction to trade in, but when to enter and exit the trade, timing. Just ask anyone who tried to profit from shorting the Euro last year. A lot of analysts, economists and speculators said the Euro was going to move lower, and come year end they were right. But how many actually profited from it, given the Euro spent most of 2016 – 10.5 months – higher than where it closed in December, 2015?
It’s not enough to have a … (full story)