Gold was up on Thursday morning in Asia, with the dollar weakening after the announced that it would quicken its asset tapering and hike interest rates in its latest policy decision.
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China flexes export strength
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Dow Jones Index/USA30/GBPUSD/XAUUSD/USOIL
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Gross domestic product (GDP) is one of the most prominent indicators of a nation’s economic health and is probably the one that economists and investors pay close attention to. Several factors are taken into account while calculating a country’s GDP, including its consumption and investment.
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EURUSD/USDJPY/USOIL/BITCOIN
Momentum trading is a common strategy that relies on price movements for opening trading positions. The momentum measures strength and velocity of price movements compared to actual price levels, and is calculated by comparing price differences for a fixed period of time.
Market volatility is quite an important factor in analysing the behaviour of security prices. The trend changes more often and more rapidly during times of higher volatility.
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GBPUSD/XAUUSD/USOIL/Dow Jones Index USA30
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Forex Trading is suitable for long-term and short-term investment goals. The decision to trade forex long-term vs short-term ultimately depends on you. In forex, both short-term and long-term trading come with their own set of pros and cons. The best way to maximize your profit and minimize risk is to understand the market and act following your financial objectives.
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Developing an entry and exit strategy is an essential step for successful forex trading. It requires confidence and a well-thought-out plan. Determining when to enter or exit a trade is a complementary step in your money management process and an essential element in developing a successful trading plan.