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Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
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Trend indicators

Information is not investment advice

Trend indicators are designed to identify and follow the trend of a currency pair. Traders earn whaling sums of money on trending markets. That’s why it’s necessary for you to distinguish between situations when a currency pair is trending and when prices are consolidating. The main purpose of trend indicators is not to find the exact entry/exit points, but to show the direction of trade – buy or sell.

In this tutorial, we will learn the most applied technical tools such as moving averages, Bollinger bands, ADX. Trading is all about tipping somebody’s mitts. If you know the techniques used by millions of other traders, you will be able to swim with the current (trade with the rest of the market participants) and never suffer from financial losses.

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Trade ideas on May 29

Let’s look at main movements on the market.

EUR: beating the USD so far

Thursday ended with the EUR/USD being high above of local resistance of 1.10. What's the target now?

All attention to AUD: cash rate and RBA statement

The Reserve Bank of Australia will make a statement and release the cash rate on Tuesday, June 2, at 8:30 MT time.

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