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Copytrade Forex news Blog Company news Education AI Hub 📙 Forex for beginners
📙 Forex for beginners
Copytrade Forex news Blog Company news Education AI Hub
AI Hub 1 July 2023 What Does the Term Platinum 150 Mean in Forex Trading? Platinum 150 is a type of forex trading that uses technical analysis tools to identify trading opportunities. It is based on the concept of “150”, which stands for the number of technical indicators used to identify and trade potential market opportunities. This system was developed by a group of traders who wanted to take advantage of short-term market movements while also taking into account the macroeconomic environment prevailing across the world. The Platinum 150 system relies on a combination of price action, chart patterns, and technical indicators to identify potential trading opportunities. The system looks for trends in currency pairs as well as support and resistance levels in order to determine when it may be advantageous to enter or exit a position. The system also makes use of various other...
AI Hub 19 June 2023 When and Which Currency Pairs to Trade in the Forex Market? When it comes to trading in the forex market, it is important to understand the currency pairs you are trading and when to trade them. Currency pairs can be divided into three main categories: major, minor, and exotic. Each of these currency pairs has its own unique characteristics that make them suitable for different types of traders. In this blog post, we will discuss when and which currency pairs to trade in the forex market. Major currency pairs The major currency pairs are those that involve the US dollar (USD) and one of the other seven most traded currencies in the world: Euro (EUR), Japanese Yen (JPY), British Pound (GBP), Swiss Franc (CHF), Canadian Dollar (CAD), Australian Dollar (AUD) or New Zealand Dollar (NZD). These are considered “major” because they...
AI Hub 15 June 2023 When Was Forex First Made Accessible to the General Public? Forex trading, or foreign exchange trading, is the buying and selling of currencies on the global market. It has been around for centuries but was first made accessible to the general public in 1971 when President Nixon abolished the Bretton Woods system of fixed exchange rates. This allowed individuals to buy and sell currencies without having to go through banks or other financial institutions. Since then, forex trading has become increasingly popular with individual traders and investors looking to capitalize on price movements in the currency markets. With advances in technology, forex trading is now available online and through mobile apps, making it easier than ever for people to get involved. For those new to forex trading, it can be a daunting prospect as there are so many factors that...