Five Good Forex Trading Habits

The secret of successful trading is to keep bad habits at bay and develop good ones. Here are five good forex trading habits that will help you on the road to success.  1. Be consistent Successful traders take a structured approach: they formulate a strategy, test it and stick to it. Don’t be tempted to deviate from your strategy because you think you might be ‘missing out’ on a good trade. Remember, sticking to your proven trading...

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EURO Drops Despite Good News

If you ever wondered about the power of a single person’s comment on a currency market, wonder no more. Despite the European Central Bank’s (ECB) prediction of a smaller shrinkage for the euro zone economy this year than previously anticipated, the ECB’s president’s remarks after the release of the latest positive figures caused the euro to drop to a six-week low against the US dollar, according to NordFX Company. The ECB had previously thought...

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