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EURUSD LOSS

EURUSD LOSS

6th December 2017 contacttf

The relative strength index (RSI) is most commonly used to indicate temporary overbought or oversold conditions in a market. An intraday forex trading strategy can be devised to take advantage of indications from the RSI that a market is overextended and therefore likely to retrace.

I got back in again. My outlook was the same, go long near the support line.

Unfortunately, trade did not work again. I do not think I will get back in before the news at 15:30 GMT.

In the forex market, think of money as a commodity, you are buying a currency hoping that its value will increase, and if you are selling you are betting that it will decrease. ... Instead the forex market is an interbank market, which means it's all connected together in a network of banks and institutions.

6th December 2017

Categories:EURUSD

Tags:EURUSD, loss

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