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Precision in forex comes from the trader, but liquidity is also important. In addition, make sure you place a stop-loss order anywhere between 5-10 cimb exchange rate myr to inr pips above the 07:00 high/low. Dollar such as: AUD/CAD, australian dollar.

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Read and analyze international economic reports, then choose a currency you feel is economically sound to trade with, like the US dollar or Euro. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please Proceed To Part 2 of this Article Here Best Times To Trade Forex Currency Pairs About Nial Fuller Nial Fuller is a Professional Trader Author who is considered The Authority on Price Action Trading. First off, many of the major currency pairs are correlated in their price movement, meaning they move almost identical to one another. Exotic spreads, however, have much more illiquidity and higher spreads. Despite that, not every market actively trades all currencies. If the trade reaches or exceeds the profit target by the end of the day then all has gone to plan and you can repeat the next day. Note: Save 25 Off Life-Time Membership To Nial Fuller's Pro Trading Course Trade Ideas Newsletter, Ends November 30th. Furthermore, with no central market, forex offers trading opportunities around the clock.