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Trading Education

Tips for Trading The GBP/USD Currency Pair

The Pound/Dollar is one of the most liquid currency pairs in the FX world. High volatility brings market participants many opportunities, but also high risks. As a GBP/USD trader, you should pay close attention to the fundamentals influencing the Cableג€™s rate, and build for yourself an effective trading plan. Donג€™t try to trade this pair all the time; instead, choose your trading time wisely.

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The Importance of Fixed Spreads

One of the most important factors to consider when you are choosing a trading broker is the spread costs that will deducted from your account each time a trade is placed. Since this is literally something you will have to consider each time you enter into a new position, special attention must be eֲ­nacted in order to make sure that you are getting the best deal (and the lowest costs) in each case.

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