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Forex Market News

Dollar/yen is down to ¥102.30 after starting the year above ¥105.

South Africa’s rand at a 5-1/2 year low

The Turkish lira tumbled 1.6% to a record low of 2.3360 per dollar

The ¥103 level looks like a strong resistance –
Deutsche Bank, JP Morgan and Morgan Stanley will support FX derivatives clearing for buyside from launch

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Traders often fail because they don’t learn from mistakes. Keep a diary of trades to discover what works and what doesn’t.   Setting limit orders and stop/loss orders takes emotion out of the equation and ensures trading discipline.   Trade small amounts when you are a beginner. Grow your account balance through profits, not deposits. ...