We are having long weekend and I thought of looking at forex charts. EURUSD is at resistance zone and retracing. Can go short with the stoploss of 1.2029. Targets are 1.1176,1.1160 and 1.1145. Entry depends on your trading plan.
Trade active
⋅
Trade closed: target reached
⋅
First target.
Comments
mkramki
⋅
Vanathi, Am new to forex markets, suppose in the above example, if we get a profit of (1.11922-1.1176) 853points- tgt1, What is the profit in our hands in Rupees.
Ramki
vanathi
⋅
@mkramki, Profit depends on strategy, discipline, lots traded and the amount invested. No one can say a number for sure. You can use google to conert any currency value to rs.
Ramki