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See How I lost $2000+ and Regained $4300 in a Matter of Minutes

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See How I lost $2000+ and Regained $4300 in a Matter of Minutes

Introduction

This article was posted on Friday, 14:07, UTC.

Since I have a day off from my regular job, I thought it would be fun to show you have you can trade CFDs. I recorded all my trades today and broadcasted it live on Workplace (you can see the entire video below). 

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I spent some time looking through my favorite assets on IG.com: DAX, Dow Jones, US Tech 100, & Gold. I saw quite early that we were in a sideways moving marketing, and that a trade would take significant time. I ended up with buying gold. Within the first hours, the trade looked quite good. When I went back to prepare myself for the Unemployment Rate numbers released 14:30 CEST, I didn’t think that gold would take such a beating as it did. I ended up with closing the trade and was down $2000+, I saw quickly that US indexes where rising and I bought Dow Jones rapidly. I earned $4300 quite fast and decided to take profits and end the trading day. You can read more about the unemployment numbers from US here:

Breaking News: US Employment Holds Up but Wage Growth Disappoints

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Featured image from Shutterstock.

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



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Jonas Borchgrevink

Jonas Borchgrevink

Founder of Hacked.com and CryptoCoinsNews

Comments
  • user

    AUTHOR alphadreams

    Posted on 1:31 am July 8, 2017.

    Yesterday’s spike down in silver was a possible indicator to short precious metals. It happened right when pre-minutes were to be released regarding the jobs report. I took the opportunity to short gold at 1220. Based on the top end of the sideways range (and prior pivot) I set a sell too at 1228 which was picked up by the spike after the report giving a $20 move in gold. We broke major support at 1214 subsequently. We may retest breakout but it only recovered to 1212 by the end of the trading session. A fail to climb above this would be a chance to enter the short trade. I won’t post my target unless asked. It’s deep.

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