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Focus on Process, Not Results — If you like currencies, then trade FOREX. Focus on only one market and a couple of simple strategies when starting out.
Forex Market News - PBOC Sets Yuan Parity At 6.6473 Against Dollar
The People's Bank of China set the yuan mid-narrowing at 6.6473 neighbouring-door to the dollar regarding Friday, compared to the previous close of 6.6435.
The China Foreign Exchange Trade System sets the weighted average of prices unqualified by push makers. The highest and lowest offers are excluded from the adding. The central bank allows the dollar/yuan rate to shape no difficult than 2% above or knocked out the central parity rate.
Market watchers flavor a yuan level of 7 adjacent to the dollar, USD/CNY, as a key touchstone for sentiment in the stuffy term.
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It's because of single one thing,
Many traders overlook the emotional skill which is as important as trading strategy along with discipline to follow his/her rules religiously.
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