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Instantly Increase your Profits With the 80 – 20 Rule

posted by neorix 707 days ago in Special, Trading Psychology made popular 707 days ago

The 80-20 rule was not devised for Forex trading – however if you apply it in your trading, you’ll instantly increase your profit potential. The rule is simple to understand and apply – and all Forex traders should use it.

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Gold vs. Dollar Correlation

posted by neorix 708 days ago in USD, Gold

With gold trading at a record high, we wanted to highlight the shifting correlation between it and the US dollar. Normally, when gold rallies, the dollar declines and vice versa.

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Yen Strengthens for 5th Day

posted by neorix 709 days ago in JPY, Trade made popular 709 days ago

The yen rose for a fifth day against the dollar after Japanese Prime Minister Naoto Kan pledged to cut the world’s largest public debt, saying failure to do so may undermine the country’s sovereignty.

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USD/JPY Rebounds From 90.50/55 Support

posted by neorix 709 days ago in USD

It’s comeback is almost as quick as its decline…USD/JPY has bounced back to the 90.90s after finding solid buying just ahead of 90.50. We’ve overcome offers at 90.90, an area that was replete with stop-loss orders on the way lower and now trade

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Euro Declines on Europe Debt, Global Growth Slowdown Concern

posted by neorix 710 days ago in EUR, Trade made popular 710 days ago

The euro fell against the dollar and the yen as most U.S. stocks declined amid concern that Europe’s debt crisis will damp investor appetite for riskier assets.

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Gold climbs on demand for currency alternatives

posted by neorix 711 days ago in EUR, Gold

Gold prices rose the most in a week on demand for an alternative investment to currencies as the dollar slumped and concern mounted that Europe’s sovereign-debt crisis will escalate.

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1.2355 Next Resistance For EUR

posted by neorix 711 days ago in EUR made popular 711 days ago

We’ve reached the 1.2348 level so far as the S&P 500 zeroes in on its 200day moving average at 1108.60.

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UK budget deficit forecast at £114 billion for 2010/11

posted by neorix 712 days ago in GBP, Trade

The new Office for Budget Responsibility has today issued a statement suggesting that the UK budget deficit will be around £114 billion for the 2010/11 tax year. This is slightly lower than the £124 billion forecast by Alistair Darling before his

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Oil: Six-week slide in gasoline prices may be ending

posted by neorix 712 days ago in USD, Oil

Gasoline prices have dropped about 8 percent since hitting $2.93 per gallon on May 6 on the back of lower oil prices. Pump prices fell 0.3 cent to a national average of $2.698 a gallon Monday, according to AAA, Wright Express and Oil Price Inform

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Are Demo Accounts Really a Good Thing?

posted by neorix 714 days ago in Special, Trading Psychology made popular 714 days ago

Free Forex practice accounts are a service that are loved by some yet hated by others, why is this so? Surely a free practice account can be nothing but a good thing? Not exactly so, it does have its benefits but also has it’s pitfalls, in this a

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Oil prices mixed after big gains in global market

posted by neorix 714 days ago in USD, Oil

Crude oil prices traded mixed on Friday after soaring in value this week on the back of growing optimism over the state of the global economy and world energy demand, traders said.

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$80 oil price 'is good for investment'

posted by neorix 715 days ago in USD, Oil made popular 715 days ago

A price range for oil of $70-80 per barrel was acceptable and good for maintaining investments, he said on the sidelines of a conference in Beijing yesterday, adding that oil prices were reacting to other factors such as euro zone financial troub

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