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Read More articles:
What It Needs To Trade Forex Successfully Part 1
This is the first article of a series whose purpose is both educational and
practical in . And above all they aim to be interactive meaning that any
comments suggestions or ideas are more than welcome for .Lets start from the
basics of . The first thing someone needs is very good education...
Technical AnalysisJust
like their counterparts in the equity markets - - technical analysts of the
Forex trading market analyze price trends, . The only real difference between
technical analysis in FOREX and technical analysis in equities is the time frame
that is involved in that FOREX markets...
Get to know one cross at
a time - Each currency pair is unique, and has a unique way of moving in the
forex marketplace. The forces which cause the pair to move up and down are
individual to each cross, () so study them and learn from your experience and
apply your learning to one cross at a time...
A Pip - A pip is the
minimum incremental move a currency pair can make. A pip stands for price
interest point. A move in the EUR/USD from 1.2545 to 1.2560 equals 15 pips. And
a move in the USD/JPY from 112.05 to 113.10 equals 105 pips. Margin Trading
(leverage)In contrast with other financial...
The most important part
of the trading action is to make a plan for , stick to it and apply very strict
money management rules because if the capital is finished and it very easy this
to happen then our trading career will finish within a few days, months or even
hours.Lets face the truth that...
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