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Random article: The Many Faces of Greed
The desire to gain more is the most usual form of greed, which is also the easiest to recognize. For example, if for a certain strategy, 60% of winning trades are at 30.0 pips, while 30% are at 20.0 pips and only 10% are at 50.0 pips. If using this strategy a trader aims for 50.0 pips profit for every trade he/she places, then his/her decision is based or driven by greed. But greed can also come by a different facade. Prior to placing any order, a trader watches his/her chart for a certain “sign” as an opportunity to trade. When the sign is formed, the trader then looks for a “trigger” - confirmation that the said setup is valid and the opportunity to trade is real. And the trade is done in profit. Then the trader looks for another setup, wait for another trigger, and trades to gain another victory.
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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 “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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