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  1. #1
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    Default The market giveth and the market take away

    The market giveth and the market take away

    Since the Swiss national bank ‘took out’ a series of trading pairs with their determination to in effect ‘peg’ the franc, the CHF pairs have been virtually untradeable. Even from a potential position trade perspective many currency investors and speculators have been left scratching their heads as to where we go next…

    You’d struggle to find bigger currency news this year than the shift in policy that the SNB announced on Tuesday, however, they may have been trumped with the news that China is considering a shift in policy. Chinese officials have informed European Union business executives that the yuan will achieve “full convertibility” by 2015 the EU Chamber of Commerce in China President Davide Cucino said.

    U.S. Vice President Joe Biden might need to remind himself of the phrase “be careful what you wish for”, China has amassed record foreign-exchange reserves of $3.2 trillion by selling yuan to curb its appreciation and €1.5 trillion is USA treasury debt. Biden apparently asked (told) his counterpart Xi Jinping during his state visit on August 18th that China must address its undervalued exchange rate whilst removing import barriers to spur trade and investment. However, a fully ‘floated’ convertible currency would arguably test the dollar’s ultimate reserve status far more than the Euro has. The yuan advanced 0.12 percent to 6.3863 per dollar in Shanghai, according to China Foreign Exchange Trade System. The currency has gained 6.4 percent in the past year and touched a 17 year high of 6.3705 on Aug. 30. Its 0.9 percent advance in August was the biggest in 2011… Read the full article
    http://blog.fxcc.com/the-market-give...rket-take-away

    Source: FX Central Clearing Ltd. (FXCC BLOG)

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  3. #2
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    Default

    If we want to have success and also maintain it then we must prepare our self to trade with plans instead of getting over-confident or over trading. I am easily able to maintain my success so far due to OctaFX broker, it charges low spread of 0.2 pips for all major pairs while they also got excellent trading platform like cTrader, so that helps me trade really well and I am able to work in every situation of the market especially in high volatility.

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