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Like my mentor, Chris, I like to keep my trading, business and life, as simple as possible. I enjoy them more when they are simple and easy to handle.
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The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines the foreign exchange rate. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the Credit market.
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Study for class A Since ongoing issues within foreign and domestic economies can change in an instant, it is important to remain abreast of all issues and how they can possibly affect your standing on the foreign exchange market.
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The answer is no. I don’t manage my positions, because (1) I try to take the strongest setups, and (2) I take a small risk (2-3%), and so, I don’t get emotional and I let the stop loss get hit if the market goes against me.
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Interest rates and geopolitics – Copy A pip measures the change in value between two currencies. Usually, one pip equals 0.0001 of a change in value. For example, if your EUR/USD trade moves from 1.546 to 1.547, your currency value has increased by ten pips.
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Imelda Nginyu April 1, 2018 at 8:06 pm thank you sou much for your tips. For me, personally, this system is too mechanical.
First, although I’m from the UK I’ll use dollars, as everyone knows dollars, OK? Video 18B Trading Ranges
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