Forex JPY/GBP taking all my money

Forex JPY/GBP taking all my moneyI’m in revenge mode in my Forex account.  I’m going with JPY over GBP.  Go Asia!  I decided that I’m not gambling enough and using too tight of stop loss.  This is about as stupid as I can get.

So here’s the facts on this trade.  I’m just going with the fact that GBP/JPY has been falling like crazy.  I hope that I’m not going to be choosing the time that the trend changes.

Amount (JPY) 2,158,000.00
Rolling until 01/18/2008
Amount to risk (USD) 217.30
Buy currency JPY
Sell currency GBP
Deal rate 215.80
Stop Loss rate 217.30

This is most likely the stupidest trade I’ve made.  I’m watching currently that I have an unrealized loss of $26.49, this is just peachy.

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Posted By: Michael

News Category: Forex, JPY/GBP

 

 

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