At the following image you can see the Patterns Currency Explorer on a chart. Our deposit options vary based on the OANDA division with which you hold your account. Please check the relevant Deposit Funds section for more details on how to fund your account.
Authors and Affiliations THE GREG SECKER FOUNDATION After a stop is hit Currency prices are affected by a variety of economic and political conditions, but probably the most important are interest rates, international trade, inflation, and political stability. Sometimes governments actually participate in the foreign exchange market to influence the value of their currencies.
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This will help determine which time frame you will use to trade. Even though you will still look at multiple time frames, this will be the main time frame you will use when looking for a trade signal.
Currency is traded in various sized lots. The micro lot is 1,000 units of a currency. If your account is funded in U.S. dollars, a micro lot represents $1,000 of your base currency, the dollar. A mini lot is 10,000 units of your base currency and a standard lot is 100,000 units.
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Retail sentiment can act as a powerful trading filter. Remember that losses aren't losses unless your position is closed. If your position is still open, your losses will only count if you choose to close the order and take the losses.
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