EURUSD LOSS

EURUSD LOSS
12th December 2017 contacttf
The foreign exchange market (Forex, FX, or currency market) is a global decentralized or Over The Counter (OTC) market for the trading of currencies. This includes all aspects of buying, selling and exchanging currencies at current or determined prices.

The support was drafted from the 2 hour chart.

I missed the initial 1 min jump, price came back down to support.

Trade did not work, although, I was cautious about getting in because we have news at 17:00 GMT.

I may get back in again near the news. Price is floating, but I do not like the flat cloud formation on the 1 min chart currently.

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.

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