I’m new to forex trading and had a bit of a confusing experience today while trading the CPI. The price was around 2621.500 when I placed a sell limit order at 2620, which got filled instantly. Initially, my open positions showed a profit of about $4-5, so I decided to close the position right away without checking the price again.
After closing, I saw that I actually had a loss of $3.09. Can anyone help me understand why my position showed a profit while it was running but ended up as a loss when I closed it?
From what I’ve learned about gold, it can be really stressful and overwhelming, or it can lead to big profits. It’s very difficult to trade because it’s so volatile, especially during news events.
Yes, it’s for experienced traders. Remember, only 1% of forex traders make money in the long run. Don’t get caught up in the hype and false promises; otherwise, you might end up like the other 99%.
Slippage during news events is common and hard to avoid, like sand on a beach. To reduce slippage, try not to trade during very volatile times. It’s also tough to gain an advantage right after news is released because prices are so unpredictable, making trading feel a lot like gambling.
