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GBPUSD PROFIT

13th March 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.

All charts were in sync. I used the resistance on the 1 day chart, by using the Chikou span.

The price was over the [R3 1.2214] level.

The trade was quite slow ro react.

As I was leaving my desk, I moved the stop to breakeven, and thereafter taking quick profit.

On the FOREX market one currency is exchanged for another. The single most important thing on the FOREX market is the exchange rate between two currencies (a currency pair). ... Here's an example of a FOREX trade. You decide to buy 1 000 euros against US dollars.

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.