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USDCAD PROFIT

18th January 2017 contacttf

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.

One of the smoothest trades made. I was very cautious about US data, so I set my Stop wider than usual.

I saw a sell opportunity based on the large wick on candle, at 1 min chart.

Using my exit strategy, I closed trade based on cloud at 5 min chart.

As I write, if I was in the trade, I would have doubled my profit.

A stock market or equity market or share market is the aggregation of buyers and sellers (a loose network of economic transactions, not a physical facility or discrete entity) of stocks (also called shares); these may include securities listed on a stock exchange as well as those only traded privately.