Drawdown Deepens! -IFCN WK 69- Fri- Equity: $2,670.62 - forex leaning place

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The need to exchange currencies is the primary reason why the forex market is the largest, most liquid financial market in the world.

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Sunday, 5 April 2009

Drawdown Deepens! -IFCN WK 69- Fri- Equity: $2,670.62

After Friday's close, I realized that I held an additional trade that I shouldn't have. My FSP trade of short usd/chf from 1.1372 with a stop at 1.1497-- should have been stopped out when the price rallied up to 1.1506 on Wednesday April 1st. It turns out that I read my stop order wrong and placed it 20 pips higher than I should have. Of course, this mistake resulted in a missed loss, and

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