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Random article: Equidistant Channel
Equidistant Channel represents two parallel trend lines, which serve as support and resistance lines for the price. Basically it is inclined trading range with the lines connecting highest and lowest prices. Prevailing tendency is defined by a trader. If trend is upward, the line should be built along two lowest points (bottom – bottom). In case of downward trend, the line is built along two highest points (top - top) Parallel line is built as distant as possible from the trend line. The result will be equidistant channel within the borders of which fluctuation of currency rate takes place.
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Popular article: Forex trading in Pakistan
The Forex market is a decentralised market and it does not have financial controls. This means that the foreign exchange market is a free to trade and anyone can join it and trade currencies. However, every country has its own laws to regulate brokers companies and traders’ activity.Forex trading in Pakistan is regulated by the Securities and Exchange Commission of Pakistan or the SECP.
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