Currency trading in the forex market, or foreign exchange, needs some knowledge and understanding of how the marketplace works. When you have a basic understanding of how the foreign exchange works, you can then leverage the tips offered in this short article to additional improve your successfully trading currency in this market.
Forecast Update for Pound v Dollar and Euro v PoundPound Sterling LiveA close above the 1.5166/86 downtrend and Fibonacci retracement would at least temporarily halt the bear trend and introduce scope to 1.5550/70 zone, this is the February high and the 38.2% retracement of the move down from the July 2014 peak.and more »…Forecast Update for Pound v Dollar and Euro v Pound – Pound Sterling Live
Do what you can to automate your trades. Currency trading can become very addicting and unsafe if you are trading with emotions. Establishing automated systems for trades can take the danger of a psychological trade away. If your trading system informs you to take the cash and run, then doing this. Follow your systems not your emotions.
Explore more about Fibonacci Retracement
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