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If you trade the forex markets regularly, chances are that a lot of your trading is of the short-term variety; i. From my experience, there is one major flaw with this type of trading: h igh-speed computers and algorithms will spot these patterns faster than you ever will. When I initially started trading, my strategy was similar to that of many short-term traders. That is, analyze the technicals to decide on a long or short position or even no position in the absence of a clear trendand then wait for the all-important breakout, i. I can't tell you how many times I would open a position after a breakout, only for the price to move back in the opposite direction - with my stop loss closing me out of the trade. More often than not, the traders who make the money are those who are adept at anticipating such a breakout before it happens.

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Forex money for today

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I Tried Forex Day Trading for a Week (Complete Beginner)

Currency Code ; SEK, 1, 1, ; SGD, 1, 10, ; THB, 1, ; USD, 1, 14, Calculate live currency and foreign exchange rates with the free Xe Currency Converter. Convert between all major global currencies, precious metals. View live forex rates and prices for commodities, indices and cryptos. Live streaming allows you to quickly spot any changes to a range of market assets.