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Daily Forex Signal 29 OCT 2008 released 23.40 GMT

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D20P BUY B GBP/USD 1.5792

take profit 1.5812

stoploss 1.5762

DAILY20PIP.COM ADVICE : CHOPPY MARKET AHEAD
SIGNAL VALID FROM 5.00 GMT - 17.00 GMT

ORDER NOT TOUCHED

Caution! Currency Trading Is Not For Everyone

forex-warning.jpgWho said if you want to get rich quick then just be a currencies trader? For sure trading foreign exchange on margin carries a high level of risk, and may not be suitable for everyone. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. Remember, you could sustain a loss of some or all of your initial investment, which means that you should not invest money that you cannot afford to lose.

 

When considering forex trading as a profit making venture, it is important to work out winning strategies beforehand if at all possible. Making decisions regarding your forex trading and developing a strategy can be seen as your foundation. With your strategy you will optimize your risk with respect to the expected reward, or put the odds in your favor.

 

Daily Forex Signal 28 OCT 2008 released 22.14 GMT

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D20P SELL A GBP/USD 1.5547

take profit 1.5527

stoploss 1.5577

DAILY20PIP.COM ADVICE : BEARISH MARKET AHEAD
SIGNAL VALID FROM 5.00 GMT - 17.00 GMT

RESULT PROFIT

The Pros and Cons of Forex Stop Loss

forex-stop-loss.jpgThere must been pros and cons of using stop-loss in your trading strategy. You need to consider certain currency pair’s volatility and then set your stop losses according to it. If your SL (stop-losses) are too small it will cause a lot of series of small losse! s that can result into a big one. If your SL are too large, you can drain all your profits. You’ll need to take into consideration the volatility of the currency pairs you’re working with.

 

The benefit of using SL on your trade is you can cut down your losses, so no matter what happens and no matter how the market moves, you won’t lose more money than you set. This is also the main purpose for using this order.You protect your deposit from the sudden big market movements against you. Remember - they can always happen, and this doesn’t depend on your trading system. But you can protect your money from this dangerous trends by using stop-loss forex trading strategy and setting it properly according to your trading rules.

 

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