new way for forex trading..


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Italian stocks lead Europe as budget deficit fears quelled

LONDON (Reuters) - Italian stocks turned from a drag into a boost for European markets on Wednesday as signs the government would target a lower budget deficit quelled investors’ fears of a damaging showdown with the European Commission. Italian bank stocks jumped as much as 3 percent after government bond yields fell back and the spread to Bunds narrowed thanks to reports the government was targeting a lower budget deficit in 2020 and 2021. Still in the thrall of developments on the Italian front, the leading euro zone stocks index and the pan-European STOXX 600 climbed 0.3 percent with bank stocks the best-performing, up 0.8 percent. Italy’s FTSE MIB outperformed, up 0.5 percent with the banks index last trading up 0.7 percent. Unicredit and Intesa Sanpaolo were among the top gainers, up 2.6 percent each, while Mediobanca, UBI Banca, and Banco BPM also rose as much as 5 percent. Banks, which have large sovereign bond holdings, suffer the most from selloffs in the bond mark...
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Breakout, Pullback, Continuation Pattern

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I would like to share an effective way of trading. It is simple and very profitable with excellent risk reward ratio. It is trading using Trendlines & Chart patterns. I focuses on QUALITY trades, NOT QUANTITY. Less trades but quality trades is the best way of trading. 1st: You need to identify channel. 2nd: Look for a breakout. 3rd: Look for a pullback testing the trendline. 4th: Enter the trade after the pullback, and put the stop loss 5 pips behind the pullback. 5th: Profit target – Calculate the size of the channel
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China launches two more Beidou navigation satellites

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China has moved a step closer to completing its own navigation and positioning satellite network with the launch of two more navigation satellites. It brings the Beidou system, which became operational with coverage of China last December, to 13 satellites. To have global coverage, the country eventually aims to have 35 satellites in orbit by 2020. China hopes that Beidou will wean it off the US Global Positioning System. Just like GPS, the Chinese system is designed to let users determine their positions to within a few meters. Beidou, also known as Compass, has been developed for both military and civilian uses. The two satellites went up on Monday morning from the Xichang Satellite Launch Centre in southwest Sichuan province. They were carried on a Long March-3B rocket, according to the state-run Xinhua news agency. "The two satellites will help improve the accuracy of the Beidou, or Compass syste...
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