Forex is the new gold rush for the internet age. Trillions of dollars exchange hands daily, and every new financier from Caracas to California is convinced that there’s gold in them there hills. Well, there is a great deal of wealth out there, but there’s also a great deal of space for failure. In this article, we’ll cover how to stay clear of that failure and discuss how you can become an effective trader.
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A great pointer for foreign exchange trading is to prevent selecting tops and bottoms as much as you can because this is a typical mistake. If you should do this, you should wait till the price action confirms a top or bottom before taking a position. Instead, you should try to stick to the trends.
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