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Thread: Discuss the GBP/USD with a DailyFX Analyst

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#9099 (permalink)

07-03-2009, 12:28 AM

Norman1

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Join Date: Nov 2008

Posts: 28

Norman1 is an unknown quantity at this point

Quote:

Originally Posted by Sylvester

Hi Dear,
I don't understand why the market is not stable as I can't make a good profit at this time.

I just started trading but it looks like there's no profit at hand to make.Is there any trust that the market will pick up for traders to make more money?

Regards
Sylvester

Hi Sylvester,

The market is stable at the moment...Very stable.

I am assuming that you are having trouble trading the range we are currently in. Unfortunately, the market ranges more than it trends..The FX market ranges about 90% of the time.

You need to produce a system for your trading that can make pips in all market conditions (ranging and trending).

At the moment you should either be waiting to trade the breakout, or play the range...

Hope this helps...

Norm

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