GBPJPY LOSS

GBPJPY LOSS
9th August 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.

I am back in the trade again. If price holds above the resistance area, then there is strong possibility for an upward surge.

Trade did not work again.

No point trying to sugar coat my recent track record. My trade history, this month has been very poor. This is compounded by the fact, that I have had 9 consecutive losses. This is a very large number for most people, but I still have faith in my system and strategy.

I made a lot of mistakes, including not recognising support and resistance area. I need to recalibrate and go back to this research.

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.

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