Damini forex contact number

The Order Clustering Effect Around Round Numbers The following graphic shows the currently open orders (limit orders, stop loss and take profit order) for several different instruments and the round number clustering effect is visible across all instruments, and especially for the EUR/USD the clustering effect is very significant.

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Trading against professional forex traders using round numbers Forex professionals (banks and market makers) act as counterparts to the trades made by home-based traders (you and me). They sometimes have to quote prices artificially, which is not a problem for them because most of the time they can cover themselves on the interbank market.

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