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USDJPY LOSS

31st January 2018 contacttf

The term "currency trading" can mean different things. ... These articles, on the other hand, discuss currency trading as buying and selling currency on the foreign exchange (or "Forex") market with the intent to make money, often called "speculative forex trading".

Trade did not work as expected. I was however, cautious because the 30 min chart was showing strong bullish.

After getting stopped out, I decided to stay out the next move. Normally, I will get back in soon after.

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.