Are you using bid charts or ask charts? If you don’t know, your chart may be costing you pips.Forex traders, especially day traders, plan their entries and exits down to the pip. But what if the pip on your chart isn’t the pip you think it is? "Ask" charts are charts that plot their price position based on the ask price for the currency pair. "Bid" charts are charts that plot their price position based on the bid price for the currency pair. Depending on [...]
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[Source: The Money Blogs]
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