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To begin, a Forex trading system is a method of trading, buying or selling, that is based upon observation. The Forex trading system helps determine whether to sell or buy a specific currency at a given time. The system uses price movements, and basic news events to monitor a series of signals and determine the correct currency to trade. So, generally, trading systems are based on technical indicators.
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AUDUSD Trade Examples Statistics The political landscape of a country can make or break a currency. Riots in the streets? Government's going broke. You can bet the currency is gonna tank.
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ASEAN Euro (EUR) Currencies are traded against one another in pairs. Each currency pair thus constitutes an individual trading product and is traditionally noted XXXYYY or XXX/YYY, where XXX and YYY are the ISO 4217 international three-letter code of the currencies involved. The first currency (XXX) is the base currency that is quoted relative to the second currency (YYY), called the counter currency (or quote currency). For instance, the quotation EURUSD (EUR/USD) 1.5465 is the price of the Euro expressed in US dollars, meaning 1 euro = 1.5465 dollars. The market convention is to quote most exchange rates against the USD with the US dollar as the base currency (e.g. USDJPY, USDCAD, USDCHF). The exceptions are the British pound (GBP), Australian dollar (AUD), the New Zealand dollar (NZD) and the euro (EUR) where the USD is the counter currency (e.g. GBPUSD, AUDUSD, NZDUSD, EURUSD).
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There's other terminologies like going long, short, and so on. Mailbox
FX levels to watch –EUR/USD, GBP/USD and AUD/USD Albania You can right click on the link and click on “save link as…” or “save target as…” Video 51D: Losing Because of Mistakes
From @4xInsight | 30 hr ago | 45 comments
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