Hello everbody!,
I am new to the Forex and am very excited.
I have always loved making money grow since I was 5 Years old.
Anyway, My first 4 days last week I made 12% of my total investment which I am very happy about.
BUT, I did something that I really did not want to do and I am sure everyone here has also, so maybe you can help me. I am stuck now at a
-112 pips LONG on the GBP/USD. I feel That the GBP/USD may continue to go down next week.
My questions are:
1.) If I wait this out could my negative pips come back up within a month?
2.) How do I determine how much each negative pip is taking away from my margin?
3.) Should I hedge the exact amount of lots so that I do not margin out? Could this idea work against me?
Thank you for any help!
I am new to the Forex and am very excited.
I have always loved making money grow since I was 5 Years old.
Anyway, My first 4 days last week I made 12% of my total investment which I am very happy about.
BUT, I did something that I really did not want to do and I am sure everyone here has also, so maybe you can help me. I am stuck now at a
-112 pips LONG on the GBP/USD. I feel That the GBP/USD may continue to go down next week.
My questions are:
1.) If I wait this out could my negative pips come back up within a month?
2.) How do I determine how much each negative pip is taking away from my margin?
3.) Should I hedge the exact amount of lots so that I do not margin out? Could this idea work against me?
Thank you for any help!