Patience Patience Patience

I'm starting (rather slowly) to realise that patience is the key to being profitable in trading, wait for a high probability trade and then make almost certain money.

Last night I managed to buy into an uptrend and made a nice profit, then this morning I blew it all fairly quickly by just speculating that it might go my way rather than buying or selling into a trend.

I was alerted to a massive and extremely clear downtrend on the AUD/CAD, a pity that the free FX trial on Oanda doesn't have the AUD/CAD as one of their currencies.

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5. I really should also look at fundamentals

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