Forex Trading update: We just went long EURUSD at 1.4620, stop at 1.4575. Break even stop used if given a change after 3-4 hours. Targeting 1.47 area where we may put in shorts or raise break even stop to 1.4670 area. Short position also considered at 1.4750 + area depending on the market action.
Trading currencies on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade forex you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
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