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MCX Brokerage
#1
Not even legends in the calibre of a Larry Williams or a Martin Schwartz will have much luck in currency trading if the broker is unwilling to cooperate - it has an overwhelming role in determining what type of experience you will have as a forex trader. The lack of clear rules and precedents creates great opportunities, but also huge risks for the unprepared.

But aren`t there always two sides to a story? To help our visitors avoid the dark side of forex, we have carefully screened the best offers in the online brokerage business, and prepared a selection of some of the most reputable and efficient brokers for your exclusive benefit. If you have any plans to explore the exciting world of currency trading, we are sure that you will find our list an invaluable guide in the crowded and sometimes shady world of the forex brokers.


MCX Brokerage
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#2
The basis of this popular trading strategy is that price historically tends to move in a trend and the idea behind it is picking a top or a bottom. A typical trend trading strategy involves identifying pairs that are trending either up or down so the trader knows which direction they should be looking to trade. That is why I take forex related courses to improve my operationsThe next step is to find trade entries using a trending indicator of which there are a huge number to choose from. One which has stood the test of time is the RSI (Relative Strength Index) which moves up and down between a scale of 0 and 100, tracking the strength of a currency pair's movement. If the RSI reaches above 70 or falls below 30, it may be set for a price reversal. The exit plan for this strategy is setting a stop and limit with support and resistance. Learning the trend trading strategy is a must for every trader as it can be one of the most financially lucrative of all strategies.
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