Today I entered my first FOREX order. It was a market order, I went LONG on EUR/USD and bought at 1.58975 ( with a stop loss at 1.578). Here is the snapshot of the market:
As you can see a new breakout is on its way as the momentum is increasing ( see RSI). The risk is almost 10$/lot and the expectation is at least 1:1 (meaning at least 10$ reward/ lot) as the rate is going to hit new highs.