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Daily Forex Signal 28 NOV 2008 released 03.06 GMT

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D20P SELL A GBP/USD 1.5388

take profit 1.5368

stoploss 1.5418

DAILY20PIP.COM ADVICE : CHOPPY MARKET AHEAD
SIGNAL VALID FROM 6.00 GMT - 18.00 GMT

RESULT PROFIT

Do not predict!

forex-predict.jpgInvestors often look to experts and experienced traders for their predictions on how the market will trend. For example, trader often asked to predict where the Down Jones Index will be at any given time. The truth is, no one have any idea how to answer these questions. Predictions on the market are like throwing a dart. Most traders would be thrilled if they could predict where the market will be just minutes from now.

 

What many day traders need to remember, however, is that successful trading does not require predictions. It requires a system to deal with the markets no matter what direction they are trending. I always tell traders the same thing: keep it simple! There are three simple rules to remember when trading that are better than any expert’s prediction.