Get to know a pair before you trade it!

In today’s morning chat a question about the AUD/CAD came up and I shifted in “Lesson from a Trader” mode where I dissected the pair and discussed the why it’s important to “get to know a pair” before you trade it and more importantly HOW to do this.

There are three components: Understand the Directional Bias, Know the Pip Range Movement, and the Pip Spread.

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