Archive for February, 2017

  • Currency Trading is the act of buying and selling (trading) different currencies of the world. The Foreign Exchange (or Forex) is the market that allows you to trade currencies in volume.

    GBPUSD LOSS

    This week has been difficult. It must be 6 losses in a row. I had decided to revert back to…

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  • A pip is a number value. In the Forex market, the value of currency is given in pips. One pip equals 0.0001, two pips equals 0.0002, three pips equals 0.0003 and so on. One pip is the smallest price change that an exchange rate can make. Most currencies are priced to four numbers after the point.

    USDCHF LOSS

    I got back in higher. I closed trade manually, as price would not drop quickly. I think it is better…

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  • The foreign exchange market (forex, FX, or currency market) is a global decentralized market for the trading of currencies. This includes all aspects of buying, selling and exchanging currencies at current or determined prices.

    USDCHF LOSS

    I got back in again. I was clutching a little to a resistance point. I used the lagging span to…

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  • Foreign exchange, commonly known as 'Forex' or 'FX', is the exchange of one currency for another at an agreed exchange price on the over-the-counter (OTC) market. Forex is the world's most traded market, with an average turnover in excess of US$5.3 trillion per day.

    USDCHF LOSS

    The strategy did not work. I could easily have moved my stop up to break even, but decided to go…

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  • The foreign exchange market (forex, FX, or currency market) is a global decentralized market for the trading of currencies. This includes all aspects of buying, selling and exchanging currencies at current or determined prices.

    EURUSD LOSS

    I have gone back to my original strategy, I could easily have broke even by moving the stop. I am…

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  • The U.S. dollar/Japanese yen pair features low bid-ask spreads and exceptional liquidity. As such, it is a great pair to trade for newcomers to the forex market as well as an old favorite for more experienced traders.

    USDJPY LOSS

    Very poor entry and trade. I got caught being inactive, and tried a position which did not have clear support…

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  • The Canadian one dollar coin, commonly called the loonie, is a gold-coloured one-dollar coin introduced in 1987. It bears images of a common loon, a bird which is common and well known in Canada, on the reverse, and of Queen Elizabeth II on the obverse.

    USDCAD BREAKEVEN

    All charts line up. I was looking for the correct entry. The trade moved fast, so I missed a chunk.…

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  • Trailing Stop Limit Orders. ... A SELL trailing stop limit moves with the market price, and continually recalculates the stop trigger price at a fixed amount below the market price, based on the user-defined

    EURUSD BREAKEVEN

    I have been watching and following the pair for over 1 hour. I entered at near bottom. The trade flew…

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  • Examine the current British Pound US Dollar rate and access to our GBP USD converter, charts, historical data, news, and more.

    GBPUSD BREAKEVEN

    I made trade entry pretty sharpish. $gbpusd on my radar for a while. I took the opportunity to move my…

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  • Forex, also known as foreign exchange, FX or currency trading, is a decentralized global market where all the world's currencies trade. The forex market is the largest, most liquid market in the world with an average daily trading volume exceeding $5 trillion. There is no central exchange as it trades over the counter.

    USDCAD LOSS

    I forced the trade through today. Too many mistakes made again. The support on this is was some way below…

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