Surprise, surprise, I've been involved in yet another trading session. This time, due to my reading, I decided to add a stop and a limit after completing my purchase. I'd never done this before and wasn't sure how easy it would be to do. One more small step on my road to knowing what I'm doing:
B USDCAD @ 1.0565
S USDCAD @ 1.0571 (L)
While not all that exciting, I should mention that I only risked $3.00 due to the stop order (which was not used). So, with that amount of money risked I earned $0.57 profit. In reality, more was available to be made, but as this was my first limit trade I set the limit low and was able to observe it in action.
Cool stuff!
Showing posts with label stop. Show all posts
Showing posts with label stop. Show all posts
Friday, August 31, 2007
First Use Of Limits
Posted by FOREX Rookie
at
2:19 AM
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