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Power Course Forex Trading Tips

Weekly Trading Lesson
Friday, 21 November 2014 19:00 GMT | Daily |
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The DailyFX Instructors give a new lesson every day that you can immediately use to improve your trading!

How to Formulate a Bias and Set Risk Amounts with Price Action

There are numerous ways to generate a bias, but few are as concise or consistent as what can be offered through price action.
DailyFX Instructors Post of the Day
Thursday, 20 November 2014 19:49 GMT | Daily |
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You can get a sneak peek into DailyFX's Education Department. Every day we share an actual post from one of our three courses.

USD/JPY Wave Relationships Near 119.50

Longer term wave relationships point towards 119.50 for a potentially strong reaction. Near term trends suggests support near 117.50.
Chart of the Day
Monday, 17 November 2014 20:00 GMT | Daily |
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DailyFX Instructors post a chart and highlight potential trading opportunities that they see. They invite your questions too!

How to Determine Lot Size for Day Trading

Picking the correct lot size for your strategy can directly affect your profit and losses. Learnt to determine your optimal position size with todays trading lesson!
Trend of the Day
Wednesday, 19 November 2014 20:00 GMT | Daily |
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It is always very important to be able to identify a trend. Our instructors point out trends every day in this article, and discuss them with traders.

Identify Market Entries with Fibonacci

Finding market entries can be difficult in a runaway trend. Learn to identify entries using Fibonacci with today's trading lesson!

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Today's Word
Limit Entry

Limit Entry (LE) Orders are orders to enter the market at a more favorable price. For example - if we were buying a currency pair, a Limit Entry order would be below the current market price. Only if the market went down to that price, would the order be able to be filled. If placing a LE on a short trade, entry price will be above current market price.