GBPJPY PROFIT

GBPJPY PROFIT
8th August 2018 contacttf
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The GBPJPY trade has overstretched to the downside.

I think the price is due a correction back, to equilibrium.

My entry was not ideal, but, I decided to take a position because of the overall outlook.

I had expected a better return. Entry closed out manually.

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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