It is a fact that the US is the largest economy in the world, and the UK is the fifth largest economy. The British Pound Sterling is also one of the most popular currencies in the world, as it is the third most traded currency. So if you'd love to trade GBP/USD or at least read about the GBP USD trading strategy, it is time to read our guide!
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Back to our gold rush! Today we will continue to talk about the XAUUSD pair and finally find out what strategy you can use in trading.
Day trading probably the most spread Forex trading styles. The novice traders may mistakenly think that this method is the easiest and most reliable one. Many newbies think that day trading is simply opening a trade in the morning and closing it at the end of the day with a profit. I wish everything was that simple but this trading style has a lot of pitfalls.
Determining key price levels and putting this information into action is the most important thing in technical analysis. It is crucial to understand how to find key levels in Forex. That's why it's recommended to learn about psychological levels at the beginning of the career.
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