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By examining how many trades occur during price movements, you determine whether moves have genuine conviction or represent weak, unsustainable action. Day traders engage in frequent, high-volume trading strategies, aiming to profit from brief price variations within the same day. Leveraging short-term market movements, they trade multiple positions that they typically close before the day’s
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Measuring the fluctuations in pips allows traders to gauge how stable or unstable a currency pair is. Trader’ll also learn about the difference between pips and pipettes, special cases like Japanese Yen pairs, and how trade size affects a pip’s worth. The concept of pips is fundamental in the forex market and serves as a
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