Thanks for the answer.
Another question. forgive me if it sounds stupid:
If I sell when the market is moving down, do I have to buy in my next order?
I may sound confused, but honestly, so far babypips has not clearly explained the concept of going long or short in the previous lessons. So far I have learnt on my own that I can sell a currency that I do not own i.e. going short and I think that's how I can make a profit by selling first and then buying later when the market goes down in the previous question that we discussed. Right?
Do I have to buy after I go short i.e does my following order have to be "long" if I go "short" first?
Thanks
Thanks
Last edited by soul; 12-21-2007 at 05:30 AM.
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