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Market fluctuations are an artificial phenomenon.
v
Obecné
Dec 16, 2020 at 21:40
At about 21:20 GMT, the usdjpy pair may go down till about 22:10 GMT. I may trade it if that is the longer term trend at that time. It may only move 5 pips or maybe 50 pips, I don't know how far it may move.
Market fluctuations are an artificial phenomenon.
v
Obecné
Dec 16, 2020 at 21:32
I disagree. If it's artificial, then Fibonacci would not work. The Fibonacci ratio is seen in most all things in some manner. I know for a fact that regards the timing of market trend changes is not random. I use this natural phenomena in my trading. It is not perfectly accurate, but helpful to know it's there.
Post Why should you as a trader pay attention to interest rates?
v
Noví obchodníci
Dec 16, 2020 at 21:23
I think the vast majority of traders on MyFxBook are day traders, and interest rates would not be much of a factor at all for those. My trades are a few minutes to one hour long.
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