FX:GBPUSD   British Pound / U.S. Dollar
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12
Let see what happens.

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Hi, some advice please! I tried out a new broker and platform today and I was not familiar with it so I accidentally and unknowingly clicked SELL on GBP/USD instead of BUY! Of course the market has totally gone against me this morning so do I edit it out patiently? I sold at 1.24592 and it’s currently at 1.25071

Thanks and any advice would be appreciated!

Richard
+2 Reply
@r1charda, Hello, The best thing is to just close it and then over time you will make it back. The market is always going to move.
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r1charda Institutetrade
@Institutetrade, Thank you for your reply! Gbp/usd has fallen considerably to 1.248 now which has reduced my loses! Appreciate your advice. Thanks. RA
+1 Reply
@r1charda, I hope you closed.
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r1charda Institutetrade
@Institutetrade, haha yes, and I re entered long! Made back more than triple what I lost! Thanks for your help!

I will say to anyone using a tablet or phone when trading (as I did on this occasion as I was out) be very careful when scrolling through the watch list or list of currencies or commodities etc as they may we’ll be one click buy or sell as it is on my platform! I’ll not name the broker for obvious reasons!
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Superb trade analysis
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what is your reasoning?
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@Riz43, Because the daily is short term bullish
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Riz43 Institutetrade
@Institutetrade, what do you expect in the medium term ? long /or short?
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@Riz43, I am watching price action. If it changes then I change. I just go with the flow of money.
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