EURUSD + 40 pips profit USDCAD + 30 pips profit Total: + 70 pips
Dec. 6. Trading FX News again
EURUSD Buy 1.3682 Sell 1.3647 USDCAD Buy 1.0671 Sell 1.0638
Dec. 5, end of day results: +78 pips
EURUSD + 60 pips profit USDCHF + 18 pips profit plus 2 units still open with SL at break even point Today’s total: + 78 pips profit
Beware of risking too much money trading related currency pairs
One common mistake that people make when trading forex is risking too much money by trading the same currency across different pairs. For example, all USD pairs such as EURUSD, USDCAD, USDJPY, etc. tend to move simultaneously with the US dollar index. Therefore, if the US dollar price moves against you, there is a big … [Read more…]
New orders
AUDCAD Buy 0.9661 SL 0.9624 P1= 0.9682 P2= 0.9693 USDCAD Sell 1.0638 SL 1.0668 P1= 1.0618 P2= 1.0605
USDCHF moved SL to break even
USDCHF moved SL to 0.8975
When should you close your open position in a currency pair?
Regardless of your trading system or style, every trade you make must have some reason behind it. If there is no reason behind your trade, than it’s a pure and simple gamble. And if you gamble in forex, you will lose money in the long run (we will discuss why gambling is bad in forex in … [Read more…]
AUDUSD cancelled
Cancelled AUDUSD sell orders
USDCHF
USDCHF Sell 0.8976 SL 0.9006 P1= 0.8958 P2= 0.0826