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Lesson # 2 & 3 in Forex Trading
Last night, I placed a sell @ 1.5450 for the EUR/USD. At around 1:00 am, I was in profit around 50 pips. I let the trade ride and it reversed on me to move and close me out at my stop at @ 1.5500.
What I learned from this trade is that when you in profit, take the money off the table.
The second lesson I learned was to pay close attention to the program. I had placed a trade earlier and it closed out within minutes. The program had somehow populated some new numbers for my stop.
I signed up for the E course Doubling Stocks. I downloaded the NASDAQ symbols last night too. Tonight I will start learning the program while I wait for my Ameritrade account to be funded from the money I sent today.
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