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Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
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3 comments:
...and just a word of caution to you as well. that huge move down in the beginning was a lot of selling (duh) its not wise to fight that type of move, especially on a day like today. your fortunate prices reversed. I would hate to see you get caught up in a snowballing loss...
It was bullish news for USD and with downtrend last few days I would expect strong move down. It didn't break through yesterdays low, so all this is fade signal for me.
I didn't expect range like it was, it's new for me on NFP.
So that's way I chose long.
See I am feeling just the opposite, I'm feeling its ranging because the market HAS been down so much. If anything I would have guessed an upside break maybe, but I still would have bracketed it so it doesn't really matter.
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