Forex TurboTrader

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Forex Turbo Trader is a full-fledged online directory that incorporates deatiled information about various brokers dealing in forex, CFDs, and more. Its an entirely free platform that offers free-of-cost and well-informed forex broker reviews to the traders and investors, so that they can choose the right one.

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Behavioral Economics That Affect Foreign Exchange Rates

Confirmation bias Confirmation bias is a psychological process that results in a person’s preference for the reality that fits their own preconceived ideas. It is especially strong in groups that share a common ideology. The belief system shapes social reality. The more people are convinced of the ideology, the stronger their confirmation bias will be. There are a number of reasons why people…

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#Confirmation bias #Inequity aversion #Inertia #Status quo bias

Leverage in Forex

Leverage is a powerful tool when investing in the Forex market. It enables you to buy more than one currency at a time. Most forex brokers calculate the leverage based on the balance you have in your account. The most common leverage ratio is 100:1. This means that for every dollar in your account, you can buy $100 worth of currency. Leverage is one out of the most effective ways to make money in…

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#common leverage ratio #Maximum leverage #type of leverage #typical leverage ratio

A Unique Approach to Forex Scalping

A unique approach to forex scalping involves trading based on a very short timeframe and using a specific mode of analysis. Traders use this mode to identify trends and then buy or sell on those trends to take advantage of the price action. This method of trading requires little time and effort and relies heavily on trend-following signals. Scalpers do not invest in deep macro analysis, but…

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#Forex Scalping

Trading Volatile Currency Pairs

The more volatile currency pairs are those with aggressive price fluctuations and higher profit potential. However, the increased volatility also increases the trader’s risk. Traders should consider the risks of these types of assets carefully before deciding to invest. Although more volatile currency pairs offer higher profit potential, it is also important to note that these assets are affected…

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#AUD/NZD #AUD/ZAR #USD/ZAR #Volatility

Investing in Cryptocurrencies - How to Minimize the Risk

Investing in Cryptocurrencies – How to Minimize the Risk

Investing in cryptocurrencies is a risky business, but there are ways to mitigate this risk. As a new investor, you should ask yourself a few basic questions before you invest. These questions will help you find out more about a project and how transparent its management is. You can also ask about its team members and their projects and achievements. Investing in cryptocurrencies is…

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#Cryptocurrencies #Investing in cryptocurrencies

What to Consider Before Trading Forex?

Before you start trading, make sure that you have enough money to cover all of your trading needs. You should also have adequate risk capital. If you can’t afford to lose money, you should probably not trade. You should also know how much you can risk on each trade, and stick to leverage ratios within your risk limit. If you don’t understand how leverage works, you could end up blowing your…

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#Creating a trading plan #Research before trading forex

The Changing Geographic Trading Patterns of International Trade

This article describes the changing geographic trading patterns of international trade. It includes a discussion of factors influencing these patterns, such as the growth of emerging economies, global integration after the Second World War, and changes in comparative advantage. It also considers how these changes affect employment. Using a graph to illustrate these changes, we can see how the…

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#geographic pattern of trade #pattern of international trade #trade patterns

Forex Concepts Everyone Should Know

When it does come to trading currencies, there are a few important concepts that everyone should know. There is the Pip, the market rate, Liquidity, the mid-market rate, the interbank rate, and FX spread, markup, and margin. Foreign exchange involves any transaction involving two or more different currencies. Pip A pip is a measurement unit in the forex market that enables you to measure changes…

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#Forex Concepts #Leverage #Range trading

The Bladerunner Sniper Forex Strategy

The Bladerunner forex strategy is a combination of the current fundamentals and forex price action to identify a winning trade. Unlike other forex strategies, it will never enter a trade based on the rejection of the 20-day exponential moving average (EMA). Instead, it will look for a confluence of reasons to enter a trade. This is safer than entering a trade based on the rejection of one EMA, or…

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#Bladerunner forex strategy #Bladerunner strategy #price action strategy #profitable forex strategy

Identifying Support and Resistance Levels in Trading

Pivot points are utilized to define support and resistance levels in the market. These levels help traders to understand retracement. When price breaks through pivot support or pivot resistance, it means that the trend is about to break out or reverse. Using pivots is a great way to make the most of retracement and understand how the price moves in different market conditions. Identifying support…

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#Importance of pivot points #Resistance Levels in Trading #support and resistance #useful tool for trading

How to Find Trends in Forex?

There’re many techniques you can use to find trends in the forex market. A common method is to visually inspect the price chart. A trend is defined as a pattern with consecutive higher tops and higher bottoms. Conversely, a sideways or trendless market would have equal tops and bottoms. However, its not always easy to determine trends, especially if you are a beginner. Using technical tools can…

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#Bollinger Bands #Find Trends in Forex #trendless market

Dollarization in Forex Trading

In forex trading, there are several different currencies. Some are dollarized, and some are not. This type of trading may be considered an advantage for emerging market economies. In addition, some emerging markets may find dollarization to be a very strong discipline device. However, it may also pose some risks to forex investors. What is Dollarization? Dollarization is a process in which the…

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#Dollarization #Dollarization in Forex Trading

Latin America's Series of Contagious Currency Crises

Latin America’s Series of Contagious Currency Crises

The currency crises of the 1990s may have been influenced by reverse herding, the process in which money managers are less concerned about a crisis than they should be. Markets seemed complacent before these crises, even though there were reasons to believe that the next crisis might come. Reverse herding may explain this phenomenon in a principal-agent kind of story. South Korea The recent…

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#currency crises #Series of Contagious Currency Crises

What Are Spot Exchange Rates?

Spot exchange rates are the rates of foreign currency that are immediately available for delivery. These rates are governed by the foreign exchange market and are dynamic in nature. They can also be hedged using derivative products. In this info, we will look at the basic characteristics of these rates. We will also discuss their uses and advantages. Spot exchange rates are for immediate…

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#Spot Exchange Rates

The Balance of Payment in Forex Trading

In forex trading, the balance of payment is an important factor. It is the snapshot of a country’s trade with other countries and influences the demand for and supply of that country’s currency. In the current account portion of the balance of payments, the exchange rate of the currency is recorded. But this aspect of the balance of payments has no effect on forex trading. Balance of payments is…

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#Balance of Payment #balance of payment in forex trading

Maintaining a Consistent Strategy for Trading

Traders often like to tweak their strategies to improve short-term results. However, consistent strategies are based on doing the same thing consistently over time. The apt way to attain consistency is to set a daily trading routine, choose consistent trading hours and apply the right risk management techniques. In addition, it’s crucial to have a clear, realistic mindset. Commitment Commitment…

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#Consistent Strategy for Trading #consistent trading mindset #developing a trading mindset #risk management #way to succeed in trading

What are Wide Ranging Bars in Trading?

A wide-ranging bar in trading can be a very useful tool for trading. They can be used to identify a trend halt, a reversal signal, or a halt in momentum. However, the exact meaning of a wide-ranging bar depends on where you place the bar in the chart. Inside bar chart pattern An Inside Bar is a low-volume trading period. Depending on where it appears on a chart, the inside bar can provide varying…

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#bar chart pattern #Identifying a reversal signal #Wide Ranging Bars

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