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This gave me a deep understanding of many Forex indicators. I’m also able to modify them and create my own indicator. Studying Macroeconomics, I also learnt how to read fundamentals properly. Should you go to University for 5 years just to learn how to trade?Not at all. It helped me, but it wasn’t necessary. Furthermore, trading world is evolving. Today, 70% of trades are taken by Expert Advisors, machines that simply follow an algorithm. If I wanted to apply for a job as a trader, I would have a hard time, because many banks are not looking for economists, they are looking for engineers!In 2015 I decided to live in the city that I love: London. The decision was not easy, especially because prices there are, in general, 4 times higher than the city in Italy where I used to live. I went there, I continued to trade with my Forex account and I also looked for a job to make sure that I could pay the rent :My parents pushed me to try to find a job in a good bank, I did more than that. I applied for a position as Junior Quantitative Trader for a Proprietary Trading Firm right outside London.

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The liquidity provider will lose 99 pips 100 minus its 1 pip spread.

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Be patient!Trade for 3 months on a demo account.

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This supplementary approach relies more on you exploiting trends where you find them, rather than making a system where none exists.

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For example, if you have a long overnight position on EURNZD, the because the interest rate on the New Zealand dollar is higher than the interest rate for the euro, you are debited with negative rollover swap or overnight financing fee.