The high degree of leverage can work against you as well as for you. Past performance is not indicative of future results. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Overall got in with less than a pip or two of drawdown and got out with minimal profits still left on the table.ġ00% TRANSPARENCY – Live Accounts Only !! I posted this trade on my story at 5AM before our major move down happened. I entered my first position around midnight, and scaled into it more on the pullback. This correlated with our pair and allowed me to get into the trade with extra confirmation to go short. Around same time, we realize that the GBP began to gain momentum and strength. We noticed that the strength of the JPY currency began to slow down and become stagnant. We were able to catch a very nice reversal of market movement on this pair. Entered this trade around midnight and got out the next day.
What’s up Forex Traders! Here’s A GBPJPY trade where I caught nearly 90 pips.
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