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Good Morning Crypto
Ivan on Tech by Ivan Liljeqvist
How to Master the Art of Sending Funds Overseas
With a little understanding and planning I’ll share some common-sense tips to put you back in control of your international transfers helping to ensure that more of your money stays with you. The foreign exchange rate affects all of us since we are all using a currency of some sort. An exchange rate is the relative performance of one currency against another.Factors Affecting The Exchange Rate
Factors affecting exchange rates are many and complex. There are plenty of options and decisions to make when it comes to forex and the challenge can appear rather overwhelming. There are several areas to consider in relation to forex trading, elements that have their influences in several areas of a country’s economy and thereby on the price level of foreign exchange. A country’s natural resources, interest rates and governmental policy are all very important factors and can make or break a particular trade in the forex market.Learn to Take Losses With a Clear Mind
Beginners usually go through the same common ailments. They abandon trading plans purely on impulse because the financial market is not heading just as how they had imagined. Repeatedly, they utilize unstable methods that are unable to generate a profit. Many investors preserve losing positions insisting to believe that the situation will suddenly change, whilst every indicator says otherwise, due to the fact that they can’t bear the thought of losing. But how can one change their mindset and become a successful trader?Market Orders and Types
In the Forex market traders use several special phrases, including the terminology that refers to whether a particular trade has been entered in a buying or selling position. When an individual is trading long, they have entered a trade by buying for example a forex lot and they’re hoping that the price will rise. Whenever an investor trades short, they have entered a trade by selling for example a forex lot as they foresee that the price will go down. But what if you do not want to enter a position at the current price, but at any other price? No worries, there are four different types of market orders based on which you could enter a position at the price that you think would be suitable for you. The following four order types (Buy Stop, Sell Stop, Sell Limit and Buy Limit) come under the category of ‘Pending orders’ where you set a certain price either for buying or selling and the order would trigger just as the pair’s price reaches your stated price.Forex Trading, Leverage And You
We all know leverage is a double edged sword. But ultra high leverage has one good edge and hundreds of bad edges.