Friday, December 20, 2013

First Trade on the Account. $7,000 principal capital Funds | Trade Play EURO / USA Currency Pair

Principle on the account: $7,000 
Goal: To increase principle funds of $7,000 to $100,000 by the end of December 2014.  

First Trade: Principle $7,000 EUR/USA Currency pair. 

This is a Daily chart of the EUR / USA currency pair. Daily charts help me have a better perspective on the long term outcome of anticipated events that may occur.

Trade Play:

In regards to certain Fundamental and Technical  Analysis I have implemented to increase the capital funds in the account, My trade is:

Short Sell 1.00 Lot Contract on a EUR / USA (Euro & United States Dollar) Currency pair at 1.36371 on December 19th 2013 and hopefully close out the trade and take profit at 1.35550. 

The first Trade's Margin level is at 234.67%

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