GBPJPY BREAKEVEN

GBPJPY BREAKEVEN
18th October 2017 contacttf
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.

I had this position on alert. I use an app to help me identify these trigger points.

Trade entry near resistance and stop loss just above.

Trade closed manually. I was worried about the thick cloud.

After trade analysis
I was wrong, price turned after closing trade.

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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