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Strategies and Charts

Economic Indicators and Sentiment Changes

March 7, 2013 0 Comments
Economic Indicators and Sentiment Changes

Many factors affect Forex trading. Or rather, many factors affect supply and demand forces, which then affect the Foreign Exchange market. Current events (political, social, governmental, behavioral trends, etc) shift the supply and demand factors constantly, which in return cause the price of one currency in relation to another to shift as well. Since many […]

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Using News, Analysis and Forecasts

March 7, 2013 0 Comments
Using News, Analysis and Forecasts

Market summaries are available daily from many sources. They show movements in major currencies and are open to be analyzed by everyone — expert and amateur traders alike. Traders can use these summaries for stop losses and trailing stops, or as guides for entry and exit points (based on the daily high/low). Forex traders can […]

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Forex SDR – Special Drawing Rights

March 7, 2013 0 Comments
Forex SDR – Special Drawing Rights

Special Drawing Rights are referred to as SDR. They are a “potential claim on the freely usable currencies of International Monetary Fund members in the past, international transactions were carried out with gold, however, Special Drawing Rights have replaced gold. Special Drawing Rights are defined via determined major currencies. What are major currencies? They change […]

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