Tuesday, December 22, 2009

[Trade of the Fortnight] The GBP/JPY landslide that had to make you $750*! - 15 Dec 2009



 Trade of the Fortnight!
   Simple Trades that make money

The GBP/JPY landslide that had to make you $750*!
15 Dec 2009

It is time for the favourite season of the year. Christmas carols ringing in the shopping centers and busy shoppers tugging a long list of presents to buy! Traders are also joining in the festive cheer with the deep, almost erratic (to some) swings. One of these trades was last week's GBP/JPY short trade that would have netted you a swift $750 by the time you crawled into bed. Now, a few pairs moved on that very same day, however, this one would have given you the greatest confidence and the least stress.

For those who missed it, you are probably asking how do I spot such trades in the future?

Chart of GBP/JPY

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$1 Challenge

Important Notes:
* Hypothetical profits for illustration purposes only. It assumes an effective stoploss risk of $250 for consistency in examples throughout our newsletters.

  1. This is not a trade recommendation and should only be used for educational purposes.
  2. Forex trading is a leveraged instrument and involves risks. Please seek professional advice if in doubt of its suitability for you.
  3. Any form of investment involves risk and may not be suitable for everyone.
  4. Past performance should not be an indicator of future performance.

© Chart printscreens copyright www.oanda.com. Text and materials copyright FXDS Learning Group Pte. Ltd.

Further Legal Disclaimers: We are not financial professionals in the legal terms and the information shared are purely for entertainment or educational purposes. Even financial professionals who present time to time on our stage, do not speak in their professional capacities and do not offer any advice or recommendations directly to any individual. They are merely sharing their experience. We do not advise on any product or plan or system, as every individual has a different risk appetite. We do our best to ensure accuracy but we will not be held liable for any losses incurred either directly or indirectly. If in any doubt for the suitability of any exhibited system please consult your professional financial advisor.

Forex Driving School - Trade of the Fortnight - December 2009


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