Saturday, October 30, 2010
Forex Chart
Our Forex site, Forex-ForProfit.com has this chart showing how forex trading software is used to assist the novice or expert in making trades.
Here you can see a successful trade - it selected a trade that made a gain of 171 pips in under 12 hours on the EUR/USD exchange.
In the chart, you can see how this happened...
- Line #1 is the trend line that was spotted.
- Line #2 was where the 'break-out' occurred and where the trade was started.
- Line #3 is where the initial profit of $300 was taken.
- Line #4 is the point where after placing a 'rolling stop-loss' on the trade to secure our initial profit, an exit was made at 1.436 for a total profit of $1710. ($10 per point)
Forex-ForProfit.com
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