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NZD New Zealand Dollar CHF/NOK GBP/DKK USD/DKK Emotional Control: You have to develop a disciplined approach to the forex market, execute by the numbers for buys and sells, and prevent your emotions from interfering with the process. There is a psychology to trading, and you can be your own worst enemy if you do not follow a fixed routine. Many novice traders are unaware of the mental attitude necessary for successful trading. Many conscious and subconscious elements of personality can and often do get manifested for the first time when a person begins trading for their own account. Seasoned professionals have minimized emotional and character elements with education, practice experience, and using a “step-by-step” trading plan.
A good book for trading currency pairs. Learnt a bit. Will try this in the future. Four more words required.
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All forex quotes are quoted with two prices: the bid and ask. For the most part, the bid is lower than the ask price.
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Information If you’re looking for a highly liquid trading arena that allows you to speculate on a nearly 24/6 currency market, forex currency trading may be right for you. Trading in forex should be limited to risk capital, and the off exchange foreign currency market contains some unique risks, but for sophisticated traders it can provide the opportunity to profit from a very active global market.
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Thanks Kamel! Useful for trading continuations and ride existing trend and our original candlestick pattern + BB band breakout for reversals.
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+ get up to $600* Science The U.S. Dollar Has Been Checkmated By The Bears What is a breakout? Thanks for your prompt reply.Much appreciated.
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