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Random article: Conscious trading
Of course, the crocodile often fails in his hunting. Prey may be dodged and escape. But the crocodile never panics. He returns to the waiting position and prepares for the next opportunity. One weapon to face the uncertainty in the Forex market is the discipline. When the Forex market moves in uncertainty, then the pro trader will protect his/her accounts with a high self-discipline. They create trade rules for themselves in accordance with the strategies they use, and with high self discipline, they always follow the rules of the trade. Forex is the world that is free to a high extent. But every trader should create trade rules for himself and should be responsible for the trading rules. This is the factor that distinguishes a pro trader from a trader who failed.
The market where spot (ie as per current rate) operations take place is called spot market. Operations of spot type are exactly those operations, which are the most popular on the Forex market. Quotes, which many people accustomed to in the window of trading terminal are called spot rate. It is accepted that settlement date for current conversion operations is the second business day after transaction is made. But it is only related to serious financial bodies. For common traders working on the Forex market via the Internet all current data is rendered in the terminal, trades are made within split seconds, therefore such criteria as settlement date cannot be accounted here. Also it is noteworthy that as compared with all other conversion operations, spot operations bear the highest risk. Forward conversion operations include forwards, futures, options and swaps. Listed instruments are also called derivatives. They were made in order to mitigate risks caused by unfavorable change of currency rate in the future.
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