A terrific tip when taking part in currency trading is to start little. When you are a brand-new trader, you do not want to dive in headfirst with big quantities of money. Instead, you must be a small trader for a year. At the end of that year, evaluate your excellent and bad trades, and you can go from there.
USD/JPY Stable as Yellen Discusses PolicyCountingPipsThursday’s move lower reflects some risk aversion as stocks sold off globally. Momentum is flat with the MACD (moving average convergence divergence) index printing near the zero index level while the RSI (relative strength index) is printing near 44 ……USD/JPY Stable as Yellen Discusses Policy – CountingPips
An excellent general rule for newbie Foreign exchange traders, is to find a broker where your competence level and trading objectives, compare well with exactly what the broker can provide. Make sure the broker offers or has dealt with clients who have similar objectives to yourself, so that you understand your broker understands exactly what you are trying to accomplish.
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