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INTRODUCTION

Forex Market

It is important to understand that in the forex market you are trading currency pairs as a single unit. These pairs consist of two different currencies and are priced based on the value of one currency divided by the other.

Technically you are making two trades when you trade any forex pair. You are buying one currency while simultaneously selling the other.

With the AUD/USD you are buying the AUD while selling the USD when you go long the pair.

I ASKED FOREX AND SAID :

Technical Trading Strategies

Technical trading strategies were found to be effective in the Chinese marketplace by a recent study that states, "Finally, we find significant positive returns on buy trades generated by the contrarian version of the moving average crossover rule, the channel breakout rule, and the Bollinger band trading rule, after accounting for transaction costs of 0.50 percent." Nauzer J. Balsara, Gary Chen and Lin Zheng The Chinese Stock Market: An Examination of the Random Walk Model and Technical Trading Rules
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