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Random article: Core Concepts
The biggest part of understanding the market in the same light as I do is understanding when the market begins to trade higher or lower. The objective, somewhat contrary to everything you've seen in the past, is that I look to sell when the market is moving up and I look to buy when the market is moving down. The trick is that when the market is moving, whether it be from the daily movement or the retracements into those daily movements it will always change direction. It's the change of direction that will get you in long at the bottom of a movement and short from the top of a movement, that does not mean we will be trying to pick tops or bottoms in the movements but rather we will look for selling opportunities when the market is moving up and the reverse for buying entries when the market is moving down. We do this by identifying when the market begins to trade lower after it's been moving up and to trade higher after market has been moving down
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Popular article: Knowing Foreign Currency (Forex) Best Business Ever
The foreign exchange market itself experienced a rapid growth in the early decades of the 70s. As for the cause of the foreign exchange market is growing rapidly, among others are: 1. Movements in foreign exchange rates that experienced significant movement so that it appeals to certain circles to engage in the foreign exchange market. 2. Businesses are getting more global. As business competition gets bigger, companies need to find new resources that are cheaper, and spread all over the world, causing demand for the currency of a particular country. 3. The rapid development of telecommunications in the presence of telephone, telex, fax, internet, has made it easier for market participants to communicate, making transactions easier. 4. Gains earned in the foreign exchange market tend to increase the desire of various parties trying to gain a gain (profit) from the movement of foreign exchange rates.
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Forex encyclopedia
Forex encyclopedia “Clever FX” is the unique service created by FreshForex to introduce world of Forex to traders. The main purpose is to share knowledge of experienced traders with novice traders in simple and convenient form. Every trader will be able to learn something new here. If you are a professional trader, we invite you to write an article for “Clever FX” and get reward. Let's write Forex history together!
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