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AUDUSD LOSS

AUDUSD LOSS

2nd September 2017 contacttf

In the forex market, think of money as a commodity, you are buying a currency hoping that its value will increase, and if you are selling you are betting that it will decrease. ... Instead the forex market is an interbank market, which means it's all connected together in a network of banks and institutions.

After identifying resistance for AUDUSD, I got in what look like a very good entry.

Trade was in profit for some time. Unfortunately, this position was closed out due to choppy market.

All currency trading is done in pairs. Unlike the stock market, where you can buy or sell a single stock, you have to buy one currency and sell another currency in the forex market. Next, nearly all currencies are priced out to the fourth decimal point. A pip or percentage in point, is the smallest increment of trade.

2nd September 2017

Categories:AUDUSD

Tags:AUDUSD, loss

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