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[QUOTE="JustinP, post: 125136, member: 41365"] Forex students should acquire the basic terminology of business and jargon before struggling with business concepts, how to trade in the market. The exchange rate, exchange rate, pip, leverage, margin and spread are basically Forex terms that are worth understanding. Beginners should also learn the major foreign exchange currency pairs and their nicknames. Take into account several important factors in creating a marketing strategy, affirming Forex strategies revealed. Create a good reason to buy or sell, and decide which currency pair to focus on. After this step, define your business goals by identifying your profit goals and the place where you intend to stop in case of loss, or the so-called goal of gain and limit of loss. Experienced traders typically do not risk more than 4 percent of the account balance by trading, so they can withstand losses and get the information to make disciplined decisions. [/QUOTE]
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