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One of the most challenging things in Forex trading is understanding when it's time to close your position. Many traders can not close the position when it keeps rising, but at the same time, they are waiting for the chart to turn around when they lose money during a trade. So timing is everything, and you do not have to overhold positions, as it usually decreases your profits. There are four common types of traders: scalpers, day traders, swing traders, and long-term traders. So let's take a closer look at each type of trading.
You probably already know that in order to succeed in the Forex you need a good trading strategy. However, only a few tell you exactly how to choose one. Today I will give a couple of tips to help you choose a strategy that will perfectly suit your financial goals.
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