Day: October 28, 2018

The term Carry trading unless otherwise specified, denotes currency carry trading. Carry trading is one of the Currency trading strategies which is the most popular strategy currently being used by professional currency traders as well as less seasoned traders. The main reason why carry trading is gaining a pace is the interest rate differences existing in different countries. Unlike other currency trading strategies which are focused towards trading different pairs of currencies with a motive to earn a profit resulting from the changes in exchange rates, in carry trading the…

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Pivot points are one of the most popular indicators used in technical analysis. They are mathematically calculated using the high, low and closing prices of the previous day for daily pivots, previous week for weekly pivots and so on. The resulting price levels provide you with significant points of support or resistance that can be be used for good reversal or continuation setups as well as stop loss positioning and profit targets. They are well respected due to the fact that a lot of traders look at them and make…

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