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(Reuters) - Futures indicated that the Dow Jones Industrials index would shed more than 300 points at the open on Thursday after the rapid spread of the coronavirus outside China deepened worries about growth and corporate earnings.
The number of new infections in China, the source of the outbreak, was overtaken for the first time by fresh cases elsewhere on Wednesday, most notably in Italy and Iran.
Adding to worries, the U.S. Centers for Disease Control and Prevention confirmed an infection in California in a person who reportedly did not have relevant travel history or exposure to another known patient.
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Today market trend:sell
Market exchanging sign rely upon a pointers*
Resistance points and Support points of market goes down
The pointers educate us concerning business sector down so do the exchanging Sell and get an enormous benefit
So could the trading in Sell and get a huge profit
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,,,,,,,,,,,,,,,,,,,,completely understand the essence of support and resistance trading strategy you should firstly know what a horizontal level is. Actually, it is a price level indicating either a support or resistance in the market. The support and resistance in technical analysis are the terms for price lows and highs respectively. The term support indicates the area on the chart where the buying interest is significantly strong and surpasses the selling pressure. It is usually marked by previous troughs. Resistance level,contrary to the support level, represents an area on the chart where sell- ing interest overcomes buying pressure. It is usually marked by previous peaks.
In case this is not so, for instance, if the support level comes down to the previous trough, it may signify that the uptrend is coming to the end or at least it is turning into a sideways trend. It is likely that trend reversal from up to down will occur. The opposite situation takes place in a downtrend; the failure of each support level to move lower than the previous trough may again signal changes in the existing trend,,,,,,,,,,,,,,,,,,,,,,,,,,,.
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EUR/GBP - Euro to Pound
EUR/GBP
0.8408+0.0084(+1.0127%)
15:09:13(GMT)|Real-Time Data, Quoted in GBP
Open
0.8324
Day's Range
0.8323 - 0.8406
Class
Currencies
Bid/Ask
0.8408/0.8408
Symbol
EURGBP
Subclass / Sector
Minor
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Forex is a short-term trading market, where a trader aims to derive the profit from the price rate fluctuations. The maximum duration of a trade on Forex is several months, while on the stock market it may last for maximum 5-7 years. The foreign exchange market is decentralized. Various banks trade on it using different software. Most individuals simply cannot enter the interbank Forex market, as the standard trade volume here varies from $100,000 to $1 million. A dealing centre acts as an intermediary between the bank and the trader.
Money management is very effective for getting profits with stop loss and take profits method with current trading position. Remember there are risks in forex trading field so be active and be careful.
If you want become Successful Trader In Forex so could the hard work and get a knowledge and experience about forex trading.
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Forex forum is the good forum in the world. It provide us facility to earn good profit by trading on it.
I have also use this forum for invest money and make trading to earn good profit.
I have used to indicators RSI and Zigzag for signal of trading then I have made trading and earn good profit.
Note:Always Follow the making experienced with others having great knowledge about trading.
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completely understand the essence of support and resistance trading strategy you should firstly know what a horizontal level is. Actually, it is a price level indicating either a support or resistance in the market. The support and resistance in technical analysis are the terms for price lows and highs respectively. The term support indicates the area on the chart where the buying interest is significantly strong and surpasses the selling pressure. It is usually marked by previous troughs. Resistance level,contrary to the support level, represents an area on the chart where sell- ing interest overcomes buying pressure. It is usually marked by previous peaks.
In case this is not so, for instance, if the support level comes down to the previous trough, it may signify that the uptrend is coming to the end or at least it is turning into a sideways trend. It is likely that trend reversal from up to down will occur. The opposite situation takes place in a downtrend; the failure of each support level to move lower than the previous trough may again signal changes in the existing trend.
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completely understand the essence of support and resistance trading strategy you should firstly know what a horizontal level is. Actually, it is a price level indicating either a support or resistance in the market. The support and resistance in technical analysis are the terms for price lows and highs respectively. The term support indicates the area on the chart where the buying interest is significantly strong and surpasses the selling pressure. It is usually marked by previous troughs. Resistance level,contrary to the support level, represents an area on the chart where sell- ing interest overcomes buying pressure. It is usually marked by previous peaks.
In case this is not so, for instance, if the support level comes down to the previous trough, it may signify that the uptrend is coming to the end or at least it is turning into a sideways trend. It is likely that trend reversal from up to down will occur. The opposite situation takes place in a downtrend; the failure of each support level to move lower than the previous trough may again signal changes in the existing trend.
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Making accurate analysis in the trading business is one of the part that makes up a successful trader and helps to get into winning trades. In some events, making accurate analysis in the market might not be sweet and swift as it sounds, it might require a lot from a trader, and that is what he will have to give to the market at that time in other to create success. The process of analysis definitely requires an amount of patience from a trader, to be certain of a market analysis traders sometimes have to wait a little bit longer to see which direction the market goes and eventually decide which way they would like to make their prediction. Patience is the bedrock of having a meaningful analysis, a trader who is not calm enough will not be able to get all the neccesary information to help him get into high probability trades. As far as I know, patience is everything in the trading business and greed will take a trader nowhere.
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Forex is a short-term trading market, where a trader aims to derive the profit from the price rate fluctuations. The maximum duration of a trade on Forex is several months, while on the stock market it may last for maximum 5-7 years. The foreign exchange market is decentralized. Various banks trade on it using different software. Most individuals simply cannot enter the interbank Forex market, as the standard trade volume here varies from $100,000 to $1 million. A dealing centre acts as an intermediary between the bank and the trader.
Money management is very effective for getting profits with stop loss and take profits method with current trading position. Remember there are risks in forex trading field so be active and be careful.
If you want become Successful Trader In Forex so could the hard work and get a knowledge and experience about forex trading.
