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How You Can Dispel Forex Trading Myths

After almost thirteen years of activity in the global financial markets, I still to this day believe that currency trading is by far one of the very best entry points into the world of trading for almost anyone who is interested. It is so versatile that it also lends itself to the more experienced investors and market speculators. This is a huge market

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GBPUSD Targets Further Upside Pressure On Recovery

GBPUSD: Having the pair halted its weakness to close higher on Monday, we should see more strength. On the downside, support lies at the 1.3100 level where a break will turn attention to the 1.3050 level. Further down, support lies at the 1.3000 level. Below here will set the stage for more weakness towards the 1.2950 level. Conversely, resistance stands at the 1.3200

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EURUSD Targets More Upside On Bull Pressure

EURUSD: Having rallied on a follow through higher the past week, further bullishness is likely. Support lies at the 1.1250 level. Further down, support comes in at the 1.1200 level where a violation will aim at the 1.1200 level. A break of here will target the 1.1150 level. Conversely, on the upside, resistance comes in at 1.1400 level with a cut through here

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Are You Afraid Of Success? (And Here Is How To Overcome It)

Most people are familiar with the fear of failure. In fact it’s one of Larry Wilson’s Four Fatal Fears that he listed in his book “Play to Win.” In it he describes that there are four fears fatal to your personal growth and achieving your individual goals. They are fatal not to your physical well being but to your ability to maintain a

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Habits That Drive Your Trading Success

Has this happened to you as it did to Harvey? His eyes were at half-mast as he could barely focus on the chart staring back at him from the computer screen. He felt very tired like he had weights on his arms, and his mind was foggy. But, what was quite clear is that he had lost again. Harvey’s anger began to rise

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AUDUSD: Tumbles Lower On Loss Of Upside Momentum

AUDUSD. The pair lost upside pressure to decline strongly during Friday trading session today. This development has left risk lower in the days ahead. On the downside, support resides at the 0.7600 level where a breach will aim at the 0.7550 level. Below that level will set the stage for a run at the 0.7500 level with a cut through here targeting further

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How Pressuring Yourself Can Squeeze Your Trades

Ralph didn’t want to open his eyes for fear of what he would see. He had placed a market order on the 5 minute YM E-mini chart at a Demand Zone to go long. On the 60 minute chart he had identified a fresh level as the price was coming into the Demand Zone for the first time, since it had sharply risen

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GBPUSD Builds Up On Its Corrective Recovery

GBPUSD: Having the pair extended its recovery on Thursday, further strength is expected. On the downside, support lies at the 1.3100 level where a break will turn attention to the 1.3000 level. Further down, support lies at the 1.2950 level. Below here will set the stage for more weakness towards the 1.2900 level. Conversely, resistance stands at the 1.3400 levels with a turn

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