Some pairs are not for trade, only to be used as benchmark. Shorted EUR/GBP and had to wait for more than 2 hours to break even. And it went up after that, lucky escape. Earlier shorted AUD/USD at GMT5:10, my bad, wrong timing, ended the trade with 34 pips loss. Had to wait about 4 hours later to enter new trade, long GBP/USD and EUR/USD and ended with only 37 pips gain from the two trades. Managed to grow one more percentage to my portfolio today. Closed the trade too early, should have let it run a bit longer as the trend is still intact at the moment of writing. GBP/USD and EUR/USD is 40 and 50 pips higher than the closing price respectively. Signals are all still intact. Maybe the long wait earlier exhausted my patience.
Learned what is credit default swap today. Credit default swap pay the buyer face value in exchange for the underlying securities or the cash equivalent should a borrower fails to adhere to its debts agreement. A basis point on a contract protecting 10 million euros of debt from default for five years is equivalent to 1000 euros a year.
Learned what is credit default swap today. Credit default swap pay the buyer face value in exchange for the underlying securities or the cash equivalent should a borrower fails to adhere to its debts agreement. A basis point on a contract protecting 10 million euros of debt from default for five years is equivalent to 1000 euros a year.
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