Two trades: AUDUSD = +18 pipsEURNZD = +83 pips Total today: 99 pips profit
AUDUSD is closed, profit 16 pips
AUDUSD, P1 got filled, the other 2 units closed break even.
AUDUSD sell stop
AUDUSD Sell 0.9083 SL 0.9122 P1= 0.9067 P2= 0.9055
How much money can you make trading Forex part-time?
There are plenty of profitable strategies, tactics and techniques to trade forex. The goal of the strategy used for trades presented in this blog is to make consistent meaningful profits while trading Forex in a spare time. So, how much do we need to make in order to make it worth while? Well, just making … [Read more…]
Profit/loss calculations
As you noticed, I am back to calculating profit in pips as opposed to dollars because I think that pips are more meaningful. Everyone can multiply pips by the size of lot available to his/her account size. While re-investment of capital is a huge part of building your account, for the purposes of this blog, … [Read more…]
EURNZD closed with 83 pips of total profit
EURNZD: closed the last mini-lot at 1.6734 with the total profit of 83 pips.
Types of orders in Forex
By now we know that as a part-time Forex trader we can take 3 types of action: 1. Buy a currency pair 2. Sell a currency pair 3. Just watch from the sidelines Do not underestimate the third action, which is no action at all. One of the major sins of which all traders are … [Read more…]