A Small Fall In Your Forex Market Quotations Can Mean A Big Loss To Your Profits

by David Jenyns on September 28, 2006

A Small Fall In Your Forex Market Quotations Can Mean A Big Loss To Your Profits
As the days went by I became afraid to look at the forex market quotations. I trembled when I telephoned my broker. I was scared when I opened my newspaper to check my forex market quotations. When after a three-point drop the forex market quotations rose a half-point, my hopes started to rise with it. This is the start of recovery, I said. My fears temporarily calmed. But the following day the forex market quotations resumed their downward slide. On October 10th, when it hit 44, blind panic set in. How much further would it drop? What should I do? My paralysis turned to terror. Every point the forex dropped meant another $1,000 loss to me. This was too much for my nerves. I decided to sell, and my account was credited with $43,583.12. My net loss was $9,069.18.

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