Check out this forex day trade on the $AUDJPY with only a 5 pip stop loss and +5R target. In this trading video I'll show you her trading strategy, exact entry price and her stop loss and take profit levels. I also talk about how the student could have maximized their profit potential and give tips to improve your trading performance.
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Trading Foreign Exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advisce from an independent financial advisor if you have any doubts.