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  • EURUSD: The pair closed lower after reversing its earlier gains for the week. On the upside, resistance comes in at 1.1800 level with a cut through here opening the door for more upside towards... EURUSD: The pair closed lower after reversing its earlier gains for the week. On the upside, resistance comes in at 1.1800 level with a cut through here opening the door for more upside towards the 1.1850 level. Further up, resistance lies at the 1.1900 level where a break will expose the 1.1950 level. Conversely, support lies at the 1.1700 level where a violation will aim at the 1.1650 level. A break of here will aim at the 1.1600 level. Below here will open the door for more weakness towards the 1.1550. All in all, EURUSD faces further downside weakness

    http://www.fxtechstrategy.com/wp-content/uploads/2017/12/EURUSDWeekly-2.png
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  • prnc32
    prnc32 replied to a discussion, Broker Agency of the Year
    I have no such Broker's name:) It actually depends like you have earned a lot through a Broking Agency, so you will prefer that particular Broking's name:D
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  • People who take Forex as their profession are the full dependants on Forex:)

    When the market trends come down it also brings down the lucks of the Traders.

    Forex rises, it also raises the...
    People who take Forex as their profession are the full dependants on Forex:)

    When the market trends come down it also brings down the lucks of the Traders.

    Forex rises, it also raises the fortunes of the Forex people.

    So, as a whole we can say that Forex determines peoples' fortune:D
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  • GBPJPY: The cross closed lower the past week leaving risk of more weakness on the cards. On the downside, support comes in at the 149.50 level where a violation will aim at the 149.00 level. A... GBPJPY: The cross closed lower the past week leaving risk of more weakness on the cards. On the downside, support comes in at the 149.50 level where a violation will aim at the 149.00 level. A break below here will target the 148.50 level followed by the 148.00 level. Conversely, resistance is seen at the 150.50 level followed by the 151.00 level. A cut through that level will set the stage for a move further higher towards the 151.50 level. Further out, resistance resides at the 152.00 level. All in all, GBPJPY remains biased to the downside nearer term.

    http://www.fxtechstrategy.com/wp-content/uploads/2017/12/GBPJPYWeekly.png
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  • Horns
    Horns replied to a discussion, Forex or Stock Market?
    There are several reasons why traders would want to look at Forex rather than "traditional" stock trading and one is as follows.
    Manageable Amount of Trading Choices:

    The ease of choosing a...
    There are several reasons why traders would want to look at Forex rather than "traditional" stock trading and one is as follows.
    Manageable Amount of Trading Choices:

    The ease of choosing a currency to trade instead of choosing from thousands of stocks is one of the key factors. Stocks can decline even in a bull market if it's not the best stock in its peer group or if a trader is not in the right sector. Quite often, a sector or stock will fall even as the general market rises, so an investor needs to be very good at choosing stocks or just plain lucky.
    At the heart of this is a good brokerage firm, one with credibility and good reputation!
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Forex Forum Asia is the premier Asian-based forum on retail foreign exchange (Forex) trading. The community has more than 11,000 members from Asia. The website serves its special interest network including media partnerships with event organizers, online discussion forums, social network, copy trading, provide economic report data, trading blogs and broker informational data. We strive to connect our members with services and brands that are useful and relevant.

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