Forex Online Trading - an example
Displayed below is the RealtimeForex web page showing several windows
open.
At the top is the large price readout showing that the currency pair I'm dealing with is Great Britain Pound - US Dollar. The 16 and 20 are the current pip
spread and as they are on a red background the price is currently falling. My last order was for $50,000 - I don't have $50k, that is part of my leverage. I must buy back in
within 2 days, win or loose.
At bottom left is another window open to show the latest news clip from Dow Jones predicting that the price will rise and then fall.
On the main window there is a graph plotting the mid price for the day at the frequency of every trading 'tick'.
My current trading, my Open Positions, show that I have traded 'short' by selling $20,000 at a high price and predicting the price will fall - which it has
done from $1.983200 when I sold my currency to $1.981800 currently showing me a profit of $24.00 (if I bought back at that precise moment). As it turned out, I bought in a few
hours later and made $280. Remember, prices can go up or down and you can win or loose. Only risk what you can afford to loose.
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hill of cash