What is Forex Consolidation?
Does this term has any relevancy with currency trading?
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This entry was posted on Tuesday, March 2nd, 2010 at 11:20 am and is filed under forex trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
March 2nd, 2010 at 11:20 am
Yes it definitely has certain relevancy to currency trading.
The term “consolidation” indicates the stage of Forex market when there is no significant fluctuation in the prices, and traders are not able to detect the trends when the market is consolidating.
There are two possibilities arise out of this consolidation: breakup or breakdown condition in the Forex Trading Platform.
The better understanding of this Forex consolidation gives traders two edges to cope with the static state of trade. First edge, the trader gets the chance to remain on its initial position for short interval of time and can minimize the risk of sharing position when there is high rollover interest.