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GBPUSD LOSS

9th August 2016 contacttf

Foreign exchange, commonly known as 'Forex' or 'FX', is the exchange of one currency for another at an agreed exchange price on the over-the-counter (OTC) market. Forex is the world's most traded market, with an average turnover in excess of US$5.3 trillion per day.

I got into this. Trading for the sake of being in the market.
Should never have entered trade, because of the Non farm [US] data that was pending at 13.30pm.

Forex (or sometimes just FX) is short for foreign exchange, and is the largest financial market in the world. Simply put, it's how individuals and businesses convert one currency to another.