Archive for 2017

  • The foreign exchange market (forex, FX, or currency market) is a global decentralized market for the trading of currencies. This includes all aspects of buying, selling and exchanging currencies at current or determined prices.

    USDCAD LOSS

    I have decided to scale back my position size because of my recent trading history. I think I need to…

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  • The foreign exchange market is the

    GBPUSD LOSS

    I took an entry because of support, via the candle stick on 1 day chart. I broke my rules, so…

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  • Forex trading may make you rich if you are a hedge fund with deep pockets or an unusually skilled currency trader. But for the average retail trader, rather than being an easy road to riches, forex trading can be a rocky highway to enormous losses and potential penury.

    USDJPY LOSS

    All charts were lining up. The trade did not work out. Trade got stopped out within 3 mins, and I…

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  • Currency Trading is the act of buying and selling (trading) different currencies of the world. The Foreign Exchange (or Forex) is the market that allows you to trade currencies in volume.

    EURUSD BREAKEVEN

    All charts line up. There was no clear resistance on 1 day charts, so I moved to 1 month. Trade…

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  • 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.

    USDJPY LOSS

    All charts line up. The trade entry was according to my strategy. The loss happened so quick, I was unable…

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  • Currency Trading is the act of buying and selling (trading) different currencies of the world. The Foreign Exchange (or Forex) is the market that allows you to trade currencies in volume.

    GBPUSD LOSS

    This week has been difficult. It must be 6 losses in a row. I had decided to revert back to…

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  • 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.

    USDCHF LOSS

    I got back in higher. I closed trade manually, as price would not drop quickly. I think it is better…

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  • The foreign exchange market (forex, FX, or currency market) is a global decentralized market for the trading of currencies. This includes all aspects of buying, selling and exchanging currencies at current or determined prices.

    USDCHF LOSS

    I got back in again. I was clutching a little to a resistance point. I used the lagging span to…

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  • 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.

    USDCHF LOSS

    The strategy did not work. I could easily have moved my stop up to break even, but decided to go…

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  • The foreign exchange market (forex, FX, or currency market) is a global decentralized market for the trading of currencies. This includes all aspects of buying, selling and exchanging currencies at current or determined prices.

    EURUSD LOSS

    I have gone back to my original strategy, I could easily have broke even by moving the stop. I am…

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