Excerpt from: Forex Analysis
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| May 23, 2008 | | US dollar profit taking | With the Memorial Day holiday coming up for the United States, some US dollar profit taking is likely with short positions. This means that even though the greenback is low right now in currency trading, it may get a boost after the holiday.
Profit taking is a forex trading trading strategy in which you exit a position when it makes it a profit. It doesn't have to be a large profit; the idea is to make money on the position.
| Topic Tags: currency trading, forex trading, forex trading profit, forex trading strategy, US dollar, US dollar profit taking | |
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