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Making the best use out of moving averages

A look at one of the most used tools in a trader’s trading arsenal A simple moving average is calculated by adding the price of a currency pair (Open/High/Low/Close) for a set period “X” and then dividing the sum by this number “X”. For example, to identify a 5-day moving average you would add up…

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Does luck play a role in your trading

Instaforex: Any trade, whether experienced or a novice, hopes for good luck Any trader, whether an experienced guru or a novice, hopes for good luck. A trader is a profession that involves continuous movement, opening and closing of positions. Do you know that sharks must move throughout their lifetime in order to ensure the blood…

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How the US Dollar Index can help your trading

The Dollar Index is another tool for your trading toolbox  The US Dollar Index (USDX) started in March, 1973 for a value of 100.000. In February 1985 it traded as high as 164.7200 (depending on your price feed) and in March 16, 2008 it traded as low as 70.698.  At time of writing it sits…

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An overview of how many trades per month

A look at the different factors influencing the number of trades one makes ForexLive Well, how often should I expect to trade? Also, being aware of the dangers of overtrading, and wanting to avoid that, the obvious question arises, ‘well how many trades I be taking each month’.