Invest Journal - Capital Market & Invest Bank
Short: AUD/CAD EUR/JPY GBP/NZD EUR/USD GBY/JPY
Reasoning for Trades: This week I tried a different approach in the currency trading market. I decided to trade on margin in order to open larger trades than the amount of capital in my account. On 29th Feb, I decided to enter a margin alert on USD currency to enable me to trade on USD currency with trades that are larger than the amount of USD capital in my trading account. On 2nd March, I decided to perform a margin closeout trade on EUR/USD currency because according to the report by the Spanish Employment Ministry, the Spanish Unemployment Change dropped from 57k to 2.2k which is close to the forecast of 0.2k and resulted in a huge loss of 199,200 USD. Also, on the same date I did another margin closeout on EUR/USD which resulted in a loss of 23,810 USD. On 3rd March, I decided to long EUR/USD currency with and interval analysis of 15 minutes hoping that the market price would appreciate. This was after I read reports on the forex calendar that indicated that there were no significant changes on activities in relation to EUR currency. At the end, my account summary in USD was: Unrealized profits (4,220), Realized P&L (-11,467.57), Net Asset Value (90,862.15), Margin Available (68,842.35), Margin Used (22,019.80).
