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Aud/chf analysis
Looking at the AUD/CHF pair for 1 hour, it is noticeable that it is gaining some pips at the price level of 0.5995 Should there be a continuous appreciation in the price, the next resistance level will be 0.620 with the next support level at 0.5985.
https://charts.mql5.com/35/806/audch...apital-ltd.png
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That's very useful information, and that's the benefit of joining forex forums. It allows us to gain understanding and knowledge about forex, and with that, we can make plans for more directed trading on real accounts with Tickmill.
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Trading in less volatile pair is good and free of risk but if you want to trade in highly volatile trading pair, you need a good trading broker. XAUUSD includes high trading spread which will reduce your trading profit. Eurotrader charges narrow trading spread in majority of their trading pairs.
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Analytical skills play a crucial role in forex trading. As a trader, it is essential to continually hone your analytical abilities. This practice enables traders to analyze the market accurately and benefit from it alongside Tickmill broker.