I Googled for something completely different, but found your page…and have to say thanks. nice read.

We’re exorbitantly delighted that you’ve come upon this web page dealing with stock program.

What is Forex and how to profit from it?

Readers might look at these correlation charts for more info.

Yes, that`s true: when you open a Long position and then open a Short in direct currencies, the trade is closed. This is true also for the forex.com (the platform i`m using).

The point here is that i`m speaking about opening a position in EUR/USD and other position in GBP/USD, let`s admit 3 lots EUR/USD short and 2(or 3) lots GBP/USD long at the same time.
—————-
Few words about opening a trade in both directions.

There is not a reason, at the first view, to open the same pair long and short and the same time, however i`m trying such a strategy with 2 different platforms on the paper. This is just a particularity of mine - i`m feeling comfortable when i opened the same pair on 2 different directions, with same SL/TP for both pairs. The art here is to master properly the SL and TP. The bigger minus market can hit both stops for both pairs. This is under development and i`ll post the results in a couple of month because i want to do 100+ trades for 3 different profit targets

1. small profit target, short term trade from minutes to hours: 30-40 pisp (SL at 15-25 pips from entry, TPs at 50-65 pips)
2. average profit targets, hours-days: 60-70 pips (SL at 30-35 pips from entry, TPs at 90-100 pips)
2. high profit target, days-weeks: 100+pips (SL 40-50 away from entry point, TPs at 120+)

The advantage here:
a) every trade from first category could grow to second-third in a trending markets.
b) high level of confidence with no need to monitor market very close.
c) you can fast adjust the profit targets in compliance with markets behavior after monitoring.
d) for the sort term trades - a lot of opportunities.
e) wrong direction is stopped out fast by the stop loss, while other direction is alive and collect the profit.

Disadvantage:
most important: markets can go both ways, paying 2 commissions.

P.S. when analyzing all these strategies, the principal thought is that i`m trying too much to earn the confidence in my actions…