I've been doing some reading, while waiting for prices to move up and down so I can get in and out of the market, so it's possible that I'll start to use industry terminology within the next few weeks.
The best introductory site I've found so far is the Babypips.com offering. As I learned just the other day, a pip is a single movement point in the price of an issue being traded.
Anyway, during this reading I realized how the candlestick charts work. I also realized that I'm trading on a 5 minute chart. Now I'm armed and dangerous! Well, okay, I'm feeling lucky. This sessions trading went like this:
B EURUSD @ 1.3622
S EURUSD @ 1.3637
This puts another $1.50 into my pocket. Of course, keep in mind that I'm learning on a $100 SuperMini account... so this is a nice percentage point gain.
Showing posts with label sites. Show all posts
Showing posts with label sites. Show all posts
Thursday, August 30, 2007
Another Trading Session
Posted by FOREX Rookie
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6:01 PM
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