This is the first time ever in my life as a trader, trade on GBP_USD. As you can see on the chart, I already short GBP_CHF at 1.6368 and it is green now. My target profit is 1.6155 stop loss .6510. At this moment I already closed half of the position at +50 and let the rest with stop loss +1. So, lets go green.
The spread is 7. The same as GBP_JPY. Normally I trade at pair which offer less than 5 pip spread. If I am ok with this pair.. maybe will continue to trade with this one. Let see either it will hit my target profit or not.
PS: If you are Instaforex client and stay in Kelantan, you are welcome to attend forex class at Instaforex Kubang Kerian office, the fee is USD60 but it will be refunded to your trading account. More or less, it is free. Live trading, the first class will be on Friday, 4th June 2010.
Update: Get off with the rest, stop loss +1