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Gbp usd

Guest MT1million

By Guest MT1million,
in Foreign Exchange (FX)

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Guest MT1million

Guest MT1million

Posted
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All. I just made my very first trade... sell gbp usd as I think the dollar will strengthen  . Question  - do I need to cover the trade ? Can I cash out any time today ? Or just accept what I have at COB ?

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Caseynotes Honoured Contributor

Caseynotes

Posted
Posted
5 minutes ago, MT1million said:

All. I just made my very first trade... sell gbp usd as I think the dollar will strengthen  . Question  - do I need to cover the trade ? Can I cash out any time today ? Or just accept what I have at COB ?

Hi, you will need to close the trade either manually (any time) or by placing a limit order (profit target at a set level).

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TheGuru12 Established Contributor

TheGuru12

Posted
Posted
11 minutes ago, MT1million said:

All. I just made my very first trade... sell gbp usd as I think the dollar will strengthen  . Question  - do I need to cover the trade ? Can I cash out any time today ? Or just accept what I have at COB ?

As the markets opened they saw 1.1991 so I suspect that is the target for today! 😉 

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