A Room of One's Own (Penguin Great Ideas) by Virginia Woolf

Nonfiction

By Virginia Woolf

All through background, a few books have replaced the area. they've got remodeled the way in which we see ourselves and every different. they've got encouraged debate, dissent, warfare and revolution. they've got enlightened, outraged, provoked and comforted. they've got enriched lives and destroyed them. Now Penguin brings you the works of the good thinkers, pioneers, radicals and visionaries whose principles shook civilization, and helped make us who we're.

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Extra info for A Room of One's Own (Penguin Great Ideas)

Sample text

A win/loss rate of 84 percent would be needed to eke out a four-pip gain. You are not exactly lighting the world on fire with those results. Ironically, a lot of retail currency traders look to trade, or incorporate trading systems, whereby they rely on this pip-type strategy. After a while, they wonder why it all ends in tears with losses in their accounts. Sure they get a rush from the win/loss percentage—who wouldn’t want to boast about being profitable 84 percent of the time at their next neighborhood cocktail party—but in this game called currency trading, it is not necessarily the win/loss percentage that wins the championships.

The best way to teach a new concept or to change a thought pattern is to relate the concept to something more universally known and accepted. ” The analogy to roulette is not meant to compare trading to gambling. Gambling is a game of chance and luck. Trading successfully is much more calculated. It takes much more knowledge. We learned that two pages ago. Let’s assume bets of red for bearish or black for bullish are the only options on our fictional roulette wheel. You analyze the market and choose black because you think the market price will go higher.

0000 euro. S. dollar, he would buy the EURUSD. S. dollars. When this happens, the euro is said to be strengthening and the dollar is said to be weakening. Note that one currency in a currency pair is always getting stronger while the other currency is getting weaker. S. dollar, she would sell the EURUSD. S. 0000 euro. S. dollar is the same for the EUR, GBP, AUD, and NZD. 0000 units of the foreign currency. S. dollar. , USDJPY, USDCAD, and USDCHF) and the foreign currency is the counter currency.

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