Assume you have $1,000,000 to trade in UK. You are only allowed to buy/sell between 23/10/2019 to 25/10/2019 and the position must be closed by 5pmYour trading positions must be closed out by 5pm. The objective is to maximise the profit.

GBP/USD

1) Explain your risk management strategy in term of how much you should trade (i.e. risk per trade) and stop loss. (10 Marks)

2) Justify and explain your forex trading strategy to determine whether to buy or sell a currency pair at any given time. Your trading strategy will involve the manual method, which involves looking at charting tools made available through the software for signals and interpreting whether to buy or sell. Your entry or exit strategy can based on candlestick patterns, trend analysis, pattern analysis support and resistance line and volume and volatility indicators.

(20 marks)

Is it the full form? if not what means is it ?

As a trader looking to open a new position, you will likely use either an instant execution or pending order. Knowing what times the major currency market are open will aid in choosing the above currency pairs.

Trade from 23/10 (0:00) to 25/10 (17:00)

But the Question ask can be sell or buy anytime within 23/10 to 25/10 is it ?

We can get the highest profit at 24/10 (9:00) ? because the rate is highest at that time ?

Trade start at 23/10 (0:00) and end at 25/10 (17:00)

GBPUSD 23/10 24/10 Open 1.28692 1 .29085 High 1.28948 1.29156 Low 1.28624 1.29059 Close | 1.28677 | 1.29113 Highest in line chart between 23/20-25/10 - 25/10 1.28487 1.28548 1.28385 1.28467 25/10 (Spm) 1.28159 1.28396 1.28101 1.28370 Open High Low Close 24/10 (09.00) 1.29138 1.29440 1.29125 1.29422 Lowest in line chart between 23/20-25110 = 1 Open High Low Close 24/10 (18.00) 1.28473 1.28509 1.285 1.28062 | 1.28096 int Charts Tools Window Help a Auto Trading Now Order 11 100 99 L E I - T% GORUSDHI CC (14) 4.90 22 Oct 2019 Oct 06.00 22 Oct 21.00 23 Oct 21:00 25 Oct 13:00 23 Oct 05:00 25 Oct 21.00 24 Oct 05:00 23 Oct 13:00 24 Oct 13:00 100-120141120176 L GBPUSD 23/10 24/10 Open 1.28692 1 .29085 High 1.28948 1.29156 Low 1.28624 1.29059 Close | 1.28677 | 1.29113 Highest in line chart between 23/20-25/10 - 25/10 1.28487 1.28548 1.28385 1.28467 25/10 (Spm) 1.28159 1.28396 1.28101 1.28370 Open High Low Close 24/10 (09.00) 1.29138 1.29440 1.29125 1.29422 Lowest in line chart between 23/20-25110 = 1 Open High Low Close 24/10 (18.00) 1.28473 1.28509 1.285 1.28062 | 1.28096 int Charts Tools Window Help a Auto Trading Now Order 11 100 99 L E I - T% GORUSDHI CC (14) 4.90 22 Oct 2019 Oct 06.00 22 Oct 21.00 23 Oct 21:00 25 Oct 13:00 23 Oct 05:00 25 Oct 21.00 24 Oct 05:00 23 Oct 13:00 24 Oct 13:00 100-120141120176 L