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USDCHF LOSS

USDCHF LOSS

21st February 2017 contacttf

A pip is a number value. In the Forex market, the value of currency is given in pips. One pip equals 0.0001, two pips equals 0.0002, three pips equals 0.0003 and so on. One pip is the smallest price change that an exchange rate can make. Most currencies are priced to four numbers after the point.

I got back in higher. I closed trade manually, as price would not drop quickly.

I think it is better to be out than in. I do not want to over trade or make emotional decisions.

When trading a mini lot (10k units of currency), each pip is worth roughly one unit of the currency in which your account is denominated. If your account is denominated in USD, for example, each pip (depending on the currency pair) is worth about $1.

21st February 2017

Categories:USDCHF

Tags:loss, USDCHF

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