Pre-New Year trade – USDCHF

I don’t usually like to trade during the Xmas/New Year time as the markets are quite light on volume. However, it was my first day back today into work and it was sooo quiet! I have got into the habit of logging into the trading platform after work to have a look at the market.

I made a trade, long USDCHF at 1.0556 and got out at 1.0594 for a 38 pip profit with a 50 pip stoploss. Not really a good trade overall as my pip count should be at least equal to my anticipated stoploss to have any chance of long term success at this. Anyway, I will probably be more careful and trade in the New Year!


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Category: Forex trading, Spreadbetting, Trading