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USDJPY PROFIT

5th January 2018 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.

I got back into the trade again. To isolate a tight move, I drew the other resistance points.

Trade worked as expected.

I closed out manually using the 5 min chart. The price looked like it was going to retrace.

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.

USDJPY PROFIT

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USDJPY PROFIT

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