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Forex trading in India has garnered much attention in recent years because of the exciting opportunities it provides. However, forex trading for beginners is also fraught with market risks. Hence, it’s crucial to have a viable trading strategy and take risks only to the extent one can tolerate them. Consider the candlestick chart below. If the middle block is filled or coloured, the currency pair closed at a lower price than it opened. Whereas an unfilled or different coloured middle block shows that the closing price was higher than the opening price. A boxer doesn’t score a knockout with just his fighting spirit. He studies the scoring system, how his opponent moves, the punch combos, and strategies available to him, which all combined, give him better opportunities to win the match.
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