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#sevenstarfx

  1. sevenstarfx

    How do I choose the best trader to copy?

    To choose the best trader to copy, consider the following key factors: Performance Metrics: Look for consistent performance over time. Check annualized returns and maximum drawdown. Risk Management: Assess the risk score and leverage used. Ensure they use stop losses. Trading Strategy...
  2. sevenstarfx

    How does leverage work in forex trading?

    Leverage in forex trading allows traders to control a larger position with a smaller amount of capital. Essentially, it involves borrowing funds to increase the potential return on an investment. Here's a simple breakdown of how leverage works: Leverage Ratio: The leverage ratio indicates the...
  3. sevenstarfx

    What is over the counter?

    "Over the counter" (OTC) refers to the trading of financial instruments directly between two parties, without a centralized exchange or intermediary. In OTC markets, buyers and sellers engage in transactions directly with each other rather than through a public exchange. This contrasts with...
  4. sevenstarfx

    What is the three black crows pattern?

    The "Three Black Crows" is a bearish candlestick pattern in technical analysis that is used to identify potential reversals in a financial market. This pattern is typically observed in stock, forex, or commodity charts and is characterized by a series of three long and bearish (downward)...
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