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Apr 15 2009

Usd/cad trade running free with + 150 pips.What should you do next?

As posted yesterday , the usd/cad trade  had breakout from the triangle on the chart. We are running at + 150 pips on that trade . Its ideal to lock in half profits and let other half run with stop loss moved to break-even, this will make it a free trade . Forex is a great as   after you lock in the initial move with stop loss you can enjoy the cash, and check back your account once in a while you get a chance. Once I was testing on my mini account . I  left a trade running and forgot to check in for 2 weeks . Then after 2 weeks , I checked  back in the account and found that trade was running at + 600 pips . This is advantage of moving your stop loss to breakeven and letting the trade run freely.So hope you had happy pips!First test on the demo before you go live..

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