Complete!! Forex!! Currency Plan (((Bangla Forex School)))
A Complete
Forex currency plan is a name given to currencies~~` of countries which depend heavily
on the export of certain raw materials for income. The major currencies that
are also considered “commodity currencies” are the Australian dollar, Canadian !!!dollar,
and New Zealand dollar. Bangla Forex
School
Gold and silver are
actual commodities, so they can also be considered “commodity currencies”, and
once again they are traded in U.S. dollars, as%% we noted above.
My experience trading
the commodity currencies is that the gold and silver, are the best to trade, I
tend to avoid the as I find it fires off many “false”*** trading
signals, this may have something to do with it being heavily influenced by the
price of crude oil. Whatever the reason, I typically avoid trading the and advise my students do^^^ the same, perhaps at a point in the future the will “behave” more logically, but at the current time .
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| Bangla Forex School |
I tend to avoid it
like the plague. ##The exotic currency pairs are not the best place to start as
an aspiring I still do not trade them and there are reasons why. The
exotics are much less liquid than the majors++ and even the crosses. This means
there is more risk built into the exotics, this makes them more prone to
“slippage” Bangla Forex School and
it also means they have wider spreads than the majors and the crosses.???(Note
for total newbie’s; the “spread” is the price you pay your broker for “making
the market” for you, it is the difference between the bid and the ask price,
you automatically pay this every time <<you enter a trade, it can be very
low on the majors, sometimes only 1 pip, the exotics can have very high spreads
that are usually well over 10 pips. Essentially, the spread means >>you
are negative on a trade from the beginning, so you must overcome the spread to
get into profit, no sense in purposely putting yourself in ????the hole 15 or
20 pips by trading the exotics when you can trade the majors and only be 1 or 3
pips negative. Put the odds in your favor)
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