Use the Forex Market Time Converter , below, to view the major market open and close times in your own local time zone. Well Forex Genius Levels gives you just that, you’ll get a fully fledged state of the art software which runs on MT4 ,which you can apply to your own charts and which will calculate for you the levels that are the most important points for the pair that you trade.
You can choose how many points away you want to keep it. Let’s say you bought EUR/USD at 1.35300 and you place your trailing stop at 300 points or 30 pips i.e. at 1.35000, now when the market will reach 1.35600 your trailing stop will move up to 1.35300 or break-even.
Now give the foreigner a commission, say $ 20 as he / she has bought your ebook That is you give the foreigner $ 70 ( $ 50 to buy the book and $ 20 as a commission ). This method has a risk that the foreigner may take your $ 50 and never contact you.
To help limit your trading losses and ensure that your losses never exceed your account balance, our systems monitor your margin in near real-time and will automatically close out your open positions if your account equity falls below the 100% margin requirement.
More recently, intervention has been in response to episodes that could be characterised by evidence of significant market disorder – that is, instances where market functioning has been impaired to such a degree that it was clear that the observed volatility was excessive – although the Bank continues to retain the discretion to intervene to address gross misalignment of the exchange rate.