Buy low, sell high!

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Buy low, sell high!
Buy low, sell high!

Learning to buy a currency pair when it is low or cheap and to sell it when it is high or expensive is the essence of successful forex trading. Of course, you can also sell high and buy low to make a profit. Either way, if you do this consistently when trading forex, you should find your trading account balance increasingly comfortably. Admittedly, it may take some time before you develop a good sense for when a currency pair is undervalue or overvalued, but attaining that valuation awareness is a key part of becoming a skillful forex trader. Swing traders are especially astute in this regard, and they often use momentum oscillators like the Relative Strength Index or RSI to inform them of market extremes. Such technical indicators can show when the market in a currency pair is oversold – and hence low enough for buying — or when it is overbought and high enough to be sold.

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This material is intended for marketing/information purposes only and does not contain, and should not be construed as containing; an attempt of solicitation for any transactions in financial instruments and does not constitute investment advice or research. Past performance is not a guarantee of or prediction of future performance. The Trade Ideas are provided independently by an external third party company, PIA First Limited, which is authorised and regulated by the Financial Conduct Authority FRN 787261 to provide regulated products and services including Investment Advice. Registered in England & Wales, company number 07428345. Registered Office: Kemp House, 152 City Road, London EC1V 2NX. VAT number 153 646014. Copyright © 2018.

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