September 2012

How do Online Currency Converters Calculate the Rates of Exchange

Traditional banking institutions and money changers normally base their currency exchange calculations from the previous day’s closing prices.  This is the average price on which they base their calculations. Quite often too, they will build in their margin of profit into the rates which ultimately make their rates higher than the current spot forex rates.

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High Probability Trading Using the Five Minute Momentum Strategy

High probability trading strategies do not only involve long and medium-term trades but also short-term momentum trades that allow traders to capture quick gains in a series of trades. These kinds of trades are called momentum trades because the trader captures the momentum of a price movement in a certain direction and then jumps off

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Factors to Consider Before You Subscribe to Forex Signals

Subscribing to or gaining access to the best forex signals is easy nowadays with everything already automated and delivered through various means. Forex traders can also choose how often they want to receive these signals. More than the frequency, however, forex traders should look at the relevance of the forex signals to their trading activities.

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Using Forex Charting Software

Forex charts are an important tool for any trader which is why it is not at all surprising to find professional traders owning their own Forex charting software. This is basically a program that analyzes and plots the different variables in Forex trading with the intention of providing fairly accurate guess of its direction. Think

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