Making Your First Forex Trade

From John Russell, former About.com Guide

Now prepare to place the order. I have confirmed that the price is in a stable downtrend so I am preparing to "go short". The short trade is for 10,000 Australian dollars against the Japanese Yen. This is also known as going short 1 mini lot.

Previous

• Start the Trading Platform
• Step 2 - Open the Chart
• Step 3 - Add Indicators
• Step 4 - Place the order
• Step 5 - Set the Stop Loss and Take Profit Levels
• Step 6 - Order Confirmation
• Step 7 - The Waiting Period
• Step 8 - Trade Completion

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