Recently, there have been some good moves in the stock market, but let’s not forget the forex markets as well. This is a good short trade on the GBP/USD that we did together from start to finish, and I am glad that my students could successfully complete this trade together with me, and I hope these small victories for them will add up and give them more confidence.
In this trade, although they did not manage to capture the full trade, 100 pips on 2 contracts is still about US$2,000, which is still pretty decent for a new trader for a single trade.
Tomorrow morning, on Saturday, I will be having a re-run of the full-house seminar we had last Wednesday – “The Art of Market Timing”, and I hope to take the chance to share more examples which I have prepared. For those who managed to get seats, see you tomorrow!