Going with the current goal of 50 pips per week our current trade was entered yesterday on USDCHF buy at 1.20054 and the take profit was at 1.21194 .

So far the current price is at 1.20819 for some 76 pips ahead and the stop loss is at 1.2034 for 30 pips set profit. We are looking for some 20 more pips to call the week quits but so far so good.

We shall be posting screen shots of the trade set up as well as the real trading account later today. Read the rest of this entry

The importance of the Gross National Product/ Gross Domestic Product ( GNP/GDP) can be seen by so many other indicators being created to try and predict the direction of the GNP/GDP.

GNP ie the Gross National Product ,is the total value of all final goods and services produced by a nation regardless of where the assets are located. That means the assets of a US company in Africa are counted in the final GNP. GDP on the other hand is the total value of goods and services produced within the boundaries of the country. So in this case only the assets of the US company that are located within the USA, are calculated.

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