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The five most popular Forex pairs involve some of the World’s most powerful currencies including the U. S. dollar USD, the British Pound GBP, the Euro EUR, the Swiss Franc CHF and Japanese Yen JPY. The so called “major pairs” are currency pairs involving these currencies. When you trade Forex, you basically sell one currency for the other, but they are considered as one unit. The base currency is the one on the left i. e. EUR/USD, the non base currency is the one on the right. Usually the pair is quoted as above: EUR/USD – 1. 17800 indicative price means that every euro you buy, you sell 1. 17800 dollars.

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The reality of Forex trading is that at some point on your journey of learning how to trade, you absolutely have to figure out a way to become a disciplined and organized trader, otherwise you simply will not become successful in the markets.

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Of course, there are pitfalls in those systems too!So by the time you have gone through everything in a forex trading guide, provided that guide is not a slumdog, and have found your trading system with money management, discipline and emotions controlFeature Articles, you should be ready to make money trading forex online.

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Please note that trading the 1 minute charts is generally considered extremely risky because of the seemingly erratic price movements.