EUR/USD – Long Term Trade +770 PIPS

*Very Important Post*

This trade yielded about 770 PIPS. There were a few other gains and losses in this pair, and the position was stopped out this morning. It had been higher earlier in the week, and was up over 900 PIPS.

This wasn’t based on a system or signal service, it was a simple chart. It was a smaller sized position. However, here are a few simple points.

This trade lasted about 15 weeks. One standard Lot would equate to about $7,700. So even if you are not able to commit substantial time to actively trading, a part time – but serious- trader could have earned this in their side business.

It currently takes about $2,100 to open a standard lot of this pair. That is with 50:1 leverage as an example.

This is a Live Account. If you do not understand how to use leverage and choose a sensible position size, generally speaking you will not be able to hold a position like this.

EUR/USD – Closed Trade +350 PIPS

The trade lasted about 10 days. That is roughly $3,500 per Standard Lot.

Something to think about though, is how you would manage the trade if you were over-leveraged. The candle highlighted in red was after the entry, and you’d see profits vanishing. What would you do?

If you were in still in the trade would you exit half the position where I closed it in full? Everyone is in a unique situation and we must have some sort of trade plan.

We started with a weekly view so moving up a stop loss based on a much lower time frame probably doesn’t make much sense in general.