Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Not readjusting the stop/loss point once profit is realized- It is great when you are in profit. It is not so great to watch as your profit starts to shift back down to its original point and you wind up losing pips to the spread. Once you realize profit, readjust your stop/loss points so you can make something.
Opportunities for speculation were limited by the Bretton Woods agreement in 1944 to peg exchange rates to the gold price. In the early 1970s, this accord broke down, exchange rates began to fluctuate more widely and globalisation created more underlying demand for foreign exchange.
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Another important distinction is that Forex Currency Trading is not centered on any exchange such as the NASDAQ. There is no central governing authority or organization and trading is carried out between all the major banking institutions of the world.
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