0 lessons / 92 Job Outlook by Region Sell zone In the forex market, how is the closing price of a currency pair determined?
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The most liquid market in the world The trading system makes use of five EMAs representing the short-term, medium-term and long-term trend. The short-term EMA is drawn using a time period of 5 and 12. The medium-term EMA is drawn using a time period of 21 and 32. The long-term EMA is drawn using a time period of 50.
Thanks and happy trading! Video 01: Terminology Please use our forum for more candid, lengthy, conversational and open discussion between one another.
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USD - US Dollar Your strategies help me a lot since I’m a novice in the trading currencies. Help me on how to combine/set RSI (9) & RSI (3) in indicator window, I’m struggling to get it right other than having two separate windows.
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Humanities - Quizzes The Basics of Trading on Margin Understand what each candlestick is telling you, while being able to identify the best candlesticks patterns for speculating where Price Action is going.
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If you are still getting good results, then you can choose to trade your system live on a REAL account. Currency Trading Using 5 EMAs ensures that a trade is taken only after clear validation of the trend. Similar to any other trading system, it has drawbacks as well. Only constant practice would enable a trader to filter out the signals provided by the crossover of the EMAs.
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