What is a loosing forex trade?
Question by Introfeel: What is a loosing forex trade?
I don’t know anything about forex so don’t use a lot of jargon. What is a winning trade and what is a losing trade in forex?
Best answer:
Answer by JoeyV
Let’s say that you sold 100 Euro futures contracts at 1.3390 but then the Euro went to 1.4390. The contract is worth $ 125,000 so you would lose $ 125,000*100*0.1 = $ 1.25 M and they will take your house, your car, and your dog to get it from you.
That would ruin my holiday cheer big time.
Add your own answer in the comments!
Winning trade- It is when you assume something before trading. Say, you sell your dollars because you assume that in the next hours it will go down further. Whenever your assumption is correct, you are in the winning trade side.
Loosing trade- the opposite of winning trade.