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The Khaleeji , an Arabic term that can be translated as “of the Gulf”, is the proposed common currency of the members of the Gulf Cooperation Council or GCC. Although it was officially turned down by the International Monetary Fund or IMF in 7559 and again in 7565, the moniker, along with its adoption, is slowly getting re-developed. And, as it appears, there may be hope for it once more.

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Nevertheless, there are a handful of NFA regulated Forex brokers in the USA that offer reliable service and user-friendly platforms (there are also several US-based Forex brokers that operate within the country's borders without the necessary regulation).  We’ve tested the trading platforms, customer service and ease of use of the top US Forex brokers and recorded our findings to help you choose the NFA regulated broker.

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Correspondent/Intermediary banks are used by domestic banks in order to service transactions originating in foreign countries, and act as a domestic bank s agent abroad. This is done because the domestic bank may have limited access to foreign financial markets.

# 5 – Moving Averages serve as support and resistance levels. If a price bar is spotted, it’s useful to observe their interaction with the current prices. In the event that movement is rapid, it’s unlikely to identify support and resistance levels. Conversely, if it’s quite slow, it’s a sign that support and resistance levels will soon be identified.

Try us out! Sign up for a free FXCM practice account, which lets you test out the platform and experience some of the account benefits we give to our traders. When you’re ready, you can open an FXCM account with as little as $ 55.

# 6 – Moving Averages can lag a mistake of beginner forex traders is the assumption of their stability. Since they are lagging indicators, it’s common for them to show a reaction once the prices have moved. Therefore, it’s recommended that they’re used with price action indicators.

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Due to the popularity of forex trading over the past decade, hundreds, if not thousands, of new forex brokers have flooded the market, all seeking your patronage. Our desire is to help you find out exactly which one of these brokers is the right one for you, thereby avoiding a potential nightmare from ever happening before you even get started.


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