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Trading -
FOREX Trading
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Friday, 23 October 2009 08:27 |
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 Most FOREX traders focus on the most popular currency pair which is EUR/USD. Lately I don't trade FOREX that much but I always keep the Windows currency gadget on my computer's desktop. The last days I noticed EUR/USD to be eager to reach out the 1.50 mark so when the gadget read 1.498 I immediately fired up my FOREX broker, Oanda. I went long on the pair as soon as it broke the resistance level at 1.5000 and have been making some easy money, since I have not traded out yet. I'll be exiting the market when a major bullish reversal pattern appears on the daily or hourly EUR/USD chart.
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I normally trade the EUR/USD and other currency pairs on minute or 5-minutes charts but this time I wanted to take advantage of a major move that was imminent. Forex trading isn't that difficult especially regarding positional trading. However you don't get much action and most traders overlook it and consider risking their money in swing trading, day trading or scalping. As a lot of things are going on in my life nowadays, I don't have the time to do the same and I have neglected the foreign exchange lately. On the other hand the trading inner part of me wouldn't allow me not to benefit from such an obvious move.
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The Windows Currency gadget
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At the time of writing this post I'm winning more than 50pips on what I'd call the easiest and safest trade I have ever made online.
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My name is Jimmakos and I am a professional gambler since 2003. I played at the casinos' blackjack tables for a year and during the following 2.5 years I have been a Betfair trader trading the odds in the UK Horse Racing markets. Nowadays I'm playing online poker. Apart from online gambling, I also write about 
Where on Vista do i find The Windows Currency gadget
im interested in trading this.
thx
You can also check out other currency gadgets here: http://gallery.live.com/search.aspx?q=currency
http://www.theinternetmoney.com
http://www.theinternetbusinessblog.com