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Saturday, July 28, 2018

WHAT IS THE BEST FOREIGN CURRENCY STRATEGY?, 28 JULY

While there are many possible strategies, of course, when you want to buy foreign currency at the best rates, we believe the following three strategies will allow you to benefit from statistical data provided by the best foreign currency exchange when making trading decisions.

1. Take advantage of purchasing power parities. Buy and sell based on changes in the purchasing power of one currency in relation to another.
2. Use a spread. This is the difference between a currency with short-term and long-term interest rates. Every market, including FOREX, has a spread. This is the price difference between where you make a purchase or where you sell an underlying asset.
3. Try a Momentum Forex Strategy. Base your decisions on momentum. Stick to a minimum of a six-month raw price momentum.

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