GBPUSD BREAKEVEN

GBPUSD BREAKEVEN
1st 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.

I was hoping the price would rise up to my intended entry target of 1.26543. This would be directly under a resistance point, I found on the 4 hour chart.

The short moved happened earlier. I took the opportunity to get in.

My trade went into profit zone, but I was adamant to stay in, until my system indicated. This made me close out at breakeven instead.

I did not break any rules this time.

Although forex is the largest financial market in the world, it is relatively unfamiliar terrain for retail traders.

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