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The Adventures of a Trader in the Forex Land (2)

currencies-doitinvest.comWelcome back to my forex trading blog. Or, as one famous trader named his investing book, welcome back to my trading room:))
A few words on the yesterday’s forex blog trade placed. I mentioned that I placed a trade on GBP/JPY by purchasing 0.5 lots at 146.56 on the Nov 25th. Since I bought 0.5 lots, I was expecting the currencies cross exchange rate to increase. The take profit order was placed at 147. Unfortunately for me, I did not place any stop loss. Fortunately for me, the trade was placed on a demo account, which made me bear no losses.Read More »The Adventures of a Trader in the Forex Land (2)