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These are Fibonacci -tuned settings how the rich make money work for them stand the test of time, but interpretive skills are required to use the settings appropriately. As a general guideline, if the price is above a moving average, the trend is up. The one item we did not cover in this article is when to place a stop loss.
Prior to starting your own forex trading business, it is recommended you learn first how the forex market works and the various pros and pitfalls associated with this kind of investment. Tip 4: How trading differs from other businesses In other businesses you find a market, you learn a skill or develop a product, and then develop that skill or product until it is better than other people in the same business or niche.
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