Easy Come, Easy Go

It's so incredibly easy to make money in FOREX, though it's just as easy to lose it all and more :(

I saw a breakdown mid occurence on the same USD/JPY shortly after I wrote my previous post, and so I went long where I thought it would bounce back and I was WRONG, the price kept plummeting. I bought more as it kept falling though that didn't gain me much. Imagine if I had held onto my original short position (the arrow right up the top) and sold out at the bottom, I would have made over 100 points profit!

I think I need to analyse how breakdowns work a little more.

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