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GBP/USD (British pound/dollar) The fastest way to test your system is to find a charting software package where you can go back in time and move the chart forward one candle at a time.
*Backtesting is the evaluation of a particular trading strategy using historical data. Results presented are hypothetical, they did not actually occur and they may not take into consideration all transaction fees or taxes you would incur in an actual transaction. And just as past performance of a security does not guarantee future results, past performance of a strategy does not guarantee the strategy will be successful in the future. Results could vary significantly, and losses could result.
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Webinar: Are You About To Give Up Trading? Video 25A Double Tops and Bottoms Smartcharts If the EUR/USD buy price is 0.70644 and the sell price is 0.70640, then the spread is 0.4 pips. If the trade moves in your favor (or against you), then, once you cover the spread, you could make a profit (or loss) on your trade.
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In 1944, the Bretton Woods Accord was signed, allowing currencies to fluctuate within a range of ±1% from the currency's par exchange rate. In Japan, the Foreign Exchange Bank Law was introduced in 1954. As a result, the Bank of Tokyo became the center of foreign exchange by September 1954. Between 1954 and 1959, Japanese law was changed to allow foreign exchange dealings in many more Western currencies.
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FXE, ENZL, NZDS• Mon, Jul. 16, 4:02 PM • Michael Turner•3 Comments Futures Trading Course
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Ask a Question Forex Coaching UUP, UDN, FXE• Fri, Jul. 13, 7:59 AM • Dean Popplewell
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