USDCAD BREAKVEN

USDCAD BREAKVEN
12th November 2018 contacttf
#foreignexchange #futures #forexmarket #cash #forexgt #trading #entrepreneur #forextrading #fxunited #fxprimus #binaryoptions #investment #analysis #currencytrader

After missing on USDCAD previously. I got in at the earliest opportunity.

My entry was not ideal because price started to reverse before hitting the resistance.

After giving the position time to react, I was uncomfortable about my position. The price was floating in a range. Trade close manually for breakeven.

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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