Category: Forex Trading

AUD USD declines as market braces for RBA rate cut amid rising trade tensions

The AUD and USD can be traded 24×5, starting from the time markets open on Monday mornings in Sydney until they close on Fridays at 5 PM in New York. Exchange rates can fluctuate by the minute while markets are open. However, the period between 3-4 PM GMT is...

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Stop-Loss and Take-Profit: Setting Your Limits

Support and resistance refer to price levels on financial charts at which the prevailing price trend is expected to pause or move the opposite direction. On the other hand, Take-Profit orders are primarily about protecting gains. When a winning position reaches a target price, a percentage of it will...

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