Of special note in this week’s trading is the dramatic climb of the Australian dollar against the U.S. dollar, with a 350-pip surge this week due to speculations on a possible RBA rate hike in November and still rising gold and copper prices. This is the strongest position for the AUD in 23 years, as […]

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There are five components to a forex trade: the currency pair; the number of lots to be traded; the trade direction of long or short; the order type, either market or entry; and the money management consideration of the stop-loss.
In the forex market, currency pairs set by the IMF are traded one against another. The […]

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