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You choose to 'buy' 1 contract at the offer price (15580.5), because you believe the market will rise.
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Not Ready for Live Trading? Web Policy 06/12/2016 Misconceptions about Forex market In these set-ups, I’m looking to make at least 1.5:1 risk return ratio. Meaning that if I risk 50 pips, I’m looking to make around 75 pips. I also look at the price action, if the break-out is really strong, I may let it run for a little longer, while paying attention to not losing the profits that I’ve already made.
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20-Part Forex Trading Course REVISED slides #3 & #4 — 00:40 to 07:30 Also, this trading system is a set and forget system. Just check the charts at the close of the daily candlesticks, take your positions, set the stop loss and target, and then go and come back the next day. Don’t sit and watch the charts, and probably manipulate the positions.
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In the forwards market, contracts are bought and sold OTC between two parties, who determine the terms of the agreement between themselves.
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