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Wait for that market news/announcements and this is the best time to trade. You will notice big up/down in market place based near the news/announcement. Seeking picked the right direction, want make budget. You should control your emotion if picked unsuitable direction. Liquidating your position is not an answer inside your picked the incorrect direction. Take into account the overall currency strength. If overall strength and the direction you picked are matching, you will wait for sometime for the market to bounce before. This normally helps to reduce your lose and sometime it may gain that you just little returns.

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