USDCAD LOSS

USDCAD LOSS
7th December 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.

The trade setup was good. My timing could have been better on the 1 min chart.

The trade would not jump quickly in the bullish direction.

I brought my stop up to my entry level. I made a loss on the trade due to spread. Try again next time.

The Forex (Foreign Exchange) Market is the largest market in the world. It is the market where currencies are traded. Each day, more than 4 trillion dollars are exchanged.

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