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Increasing trade size is a recipe for disaster because it means that there is no logical way for their system to be profitable. They may have won a lot of trades, but if they lose on one where their risk is out of control, they’ll be at a net loss regardless of their track record.
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– Hardi Sunoto, Indonesia $3.99 Weakness in the USD$ to start the new week – Currency Strength and Weakness for Monday 23rd July 2018
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375 Use the ASB Mobile app, FastNet Classic internet banking or visit any ASB branch to manage your foreign currency needs.
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USD/ZAR 17.38 (pips) 1:200 Monday 21:00 - Friday 20:50 The foreign exchange market is the "place" where currencies are traded. Currencies are important to most people around the world, whether they realize it or not, because currencies need to be exchanged in order to conduct foreign trade and business. If you are living in the U.S. and want to buy cheese from France, either you or the company that you buy the cheese from has to pay the French for the cheese in euros (EUR). This means that the U.S. importer would have to exchange the equivalent value of U.S. dollars (USD) into euros. The same goes for traveling. A French tourist in Egypt can't pay in euros to see the pyramids because it's not the locally accepted currency. As such, the tourist has to exchange the euros for the local currency, in this case the Egyptian pound, at the current exchange rate.
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