Entering forex stop losses is more of an art than a science. You should learn to balance technical aspects with gut impulses to be an excellent trader. You will should acquire much experience before Currency trading becomes familiar to you.
The Euro declined as expected against the US Dollar after prices put in a bearish Evening Star candlestick pattern. Support is at 1.3583, the 23.6% Fibonacci expansion, with a daily close below that exposing the 1.3502-12 area marked by the June 5 low and the 38.2% level....EUR/USD Technical Analysis: Short Trade Nears First Target
If you are brand-new to forex, start by focusing on a single currency pair then expand as your skills improve. When you initially get in the world of currency trading, professional traders recommends that the best way to practice and tone your trading skills is to trade just the most liquid and extensively traded currency pairs, initially.
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