Hi Everyone
right about now the Forex Mechanics are buying Eurcad
We just bought at 1.49896 and we will collect the first 10 Pips which is 1.4996 before we continue to trail 1.50874 which is about 89 Pips.
However we want ,you to know that the chickenhearted guys dont trade Forex. Some times when a trade is place . It may not immediately go in your direction but eventually you know that it might later come back to give you profit . But the chickenhearted will panic and come out of the trade and will profess to take minimum loss
There are times we place trade and will not hit the profit until a week after, Check the GBPusd in the chart below sometimes the next day and sometimes three days after. This is the reason we are always taken 10 pips first so that even if it comes come back against our direction of trade we won't be at a loss .
You will notice that EURnzd and GBPnzd are back to the North after a brief movement to the South that was the reason we quickly re entered the trade with our mini account and took out some pips Check the Chart below
So if you are the panicky type Forex trading may not be the right business for you
Well See You Later Guys

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