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How To Go About Choosing A Reputable Forex Broker

The foreign exchange market is the leading financial market; accounting for about $4 trillion traded every single day. However, there exists no market place for forex markets and hence traders are compelled to choose brokers to assist them conduct the forex trading. The number of forex traders has increased drastically over time since there is no main market for the exchange.

Tips For Being Among The Best Forex Traders

There are certain governing factors that come with being a successful Forex trader. Apart from the usual persistence that comes with the experience, discipline is necessary among a couple of other vital factors. Practice is also a key aspect and plays a vital role in the success of most novices into being experts.

Short History Of Foreign Exchange

There was Forex long before it became an online phenomenon… The history of foreign exchange is long and tumultuous.

Price Retracements in the Forex Market

Most Forex traders know about internal retracements but not all know the value of external retracements. External retracements are an excellent price projection tool that can improve your trading success.

Support and Resistance in the Forex Markets

Successful forex trading requires that traders identify areas of support and resistance on a chart. Without identifying these areas traders face the risk of higher losses than necessary and may miss out on profitable entry and exit points.

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