My trades

Tp is now confirmed and set at 1.7620.

 

I changed my tp now to undecided, but Ive made 9 pips so far on this trade

 

I closed the position now at 1.7610

20 pips profit. which gave me 200 dollar

And I had 1800 dollar in my account, so the return on this trade was: 11%



we will wait for the next move now.

 

retail or futures

 

forex

 

IM thinking of shorting gbp/jpy, still undecided though.

 

less carry interest on EUR/JPY, but you prolly do not hold very long...some dealers have less spread on EUR/JPY too...

 

yes the spread on gbpjpy is 9 and for eurojpy 4

 

However GBP/JPY will have greater volatility.

The 20hr PIP voaltility and the 3 day average range both confirm GBP/JPY has twice the volatility.

 

I need someone to explain to me why they would trade retail instead of futures. I don't get it. The spread seems too large in retail