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USDCAD LOSS

USDCAD LOSS

22nd September 2017 contacttf

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.

USDCAD was on my watchlist. I took the entry as price was near previous low.

Trade did not work again. Not much to write about, but good money management has helped keep my account.

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.

22nd September 2017

Categories:USDCAD

Tags:loss, USDCAD

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