Forex Online Trading - an example
This 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 in 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.
|