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.
Pip or A point in price, is the standardized measure of change in a currency pair in forex market. It is the smallest unit of measurement by which a currency quote can change. It is the increment that will be referred when the price chance.

Author Topic: Forex Trader's toolkit - Part 1  (Read 2758 times)

Newswire

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on: August 14, 2018, 12:02:05 PM
Forex Trader's toolkit - Part 1

For watching this video you should have at least one trading account. If you are not. Get a trading account for free here!

Learn more about useful services and tools for trader. Most of them are free, but you might haven't heard about them.

In the first part of our review, we will talk about useful newsfeeds and screening services, aggregating data in convenient way. You will learn what to focus on and how to use this data. Many traders simply don't do any analytical research because it is too time consuming. You will learn how to do your analysis quicker and easier.

Also, we will talk about services measuring market sentiment. It is a new type of analysis, which allows to capture "over-optimistic" and "over-pessimistic" markets. Usually, when crowd is selling the asset massively, we can see new low. See examples in the webinar.




Eriikk

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Reply #1 on: August 25, 2018, 02:26:45 PM
Thank you



Dragonfood

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Reply #2 on: September 07, 2018, 02:54:44 PM
The most important is attitude. Mindset in trading is important. I know what I trade for I know that trading is for me.

You should embrace the market overview
Before you turn your attention to the short timeframe, let's look at the big timeframe like dailyframework, weekly, weekly, monthly, even if you do not use these big timeframes. You need to look at the trends of the big market. Imagine you are standing near the highway. Try to see which direction the car is headed. Then imagine that you are looking the same way from the high hills. You will be able to see more things and the answers that are right in front of you.



Simdik

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Reply #3 on: January 19, 2019, 02:15:51 PM
It's nice for forex traders to have some tools.



Voyante

  • Guest
Reply #4 on: December 05, 2019, 12:51:03 PM
Nice tools



Nelly

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Reply #5 on: December 28, 2019, 10:47:41 AM
The main participants in forex market are the larger international banks. Financial centers as regards the world feel unwell as anchors of trading surrounded by a wide range of fused types of buyers and sellers in description to the clock, furthermore the exception of weekends. Since currencies are always traded in pairs, the foreign disagreement market does not set a currency's get your hands on value but rather determines its relative value by environment the declare price of one currency if paid for forward choice. Ex: US$1 is worth X CAD, or CHF, or JPY, etc.

The foreign disagreement push works through financial institutions and operates on the subject of several levels. Behind the scenes, banks outlook to a smaller number of financial firms known as "dealers", who are in force in large quantities of foreign quarrel trading. Most foreign dispute dealers are banks, therefore this at the by now-the-scenes puff is sometimes called the "interbank make public around" (although a few insurance companies and supplementary kinds of financial firms are working). Trades surrounded by foreign disagreement dealers can be enormously large, involving hundreds of millions of dollars. Because of the sovereignty issue subsequent to involving two currencies, Forex has little (if any) supervisory entity adaptable its proceedings.



midte

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Reply #6 on: February 25, 2020, 12:56:11 PM
This is very make sense for current forex market.



profitti

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Reply #7 on: March 28, 2020, 03:55:20 AM
I like to get rich now. Forex trading is very great.



 

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