#002 DCA USDCHFI have entered on USDCHF with all my units at 100. However, even though the pip size and the value per spread isn't the same. I am thinking that 100 units is not 100 units of my account's currency, but rather, it is a measurement of the US currency.
I did a check online to see if the conversion rate is correct or not, and it is slightly misaligned. but it is ok. I think the 100 units input in the order column is representation of USD and not the account's currency.
Besides that seemingly small issue, I have set other buy limit orders as shown on the chart for when price comes to those levels I will buy more.
Thinking in Navin's Pryani's words (I think I butchered his name), we are agents.
If people want something, we give it to them. I recall the Chinese guy selling luxury watches and introduces sports cars in Singapore on his tiktok account @solitaire.renyi
He did a skit on branded watches in 2021 vs 2024, where in 2021 when the watch prices were sky high, he can afford to leave his customer hanging when they have too much requests for freebies and haggling of prices, however, in 2024, when the rolex prices collapsed, he even have to throw in freebies. The ridiculously lowered prices were "too high", the clients said, in a bid to lower the prices even more, and RenYi has to give in. (in the skit).
We are just like watch sellers, whatever the customer wants, we give it to them, as long as the customers can match our market prices, or if we could match theirs.
So, if the sellers wanna sell off their USD, we buy them. If the demand for USD rises, and it has reached a certain price in our heart which we wanna exit for, we sell. Other agents WILL buy over our products. Of course, it all depends on the market prices, and matching of prices due to market conditions.
1028SGT 15112024
