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	<title>Pure Forex &#187; Currency Day Trading</title>
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	<link>http://pureforex.net</link>
	<description>The Ultimate FOREX Information Blog</description>
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		<title>What Are The Basics Involved In Exotic Examples Trading?</title>
		<link>http://pureforex.net/currency-day-trading/what-are-the-basics-involved-in-exotic-examples-trading/</link>
		<comments>http://pureforex.net/currency-day-trading/what-are-the-basics-involved-in-exotic-examples-trading/#comments</comments>
		<pubDate>Thu, 09 Sep 2010 20:47:30 +0000</pubDate>
		<dc:creator>FX Guru</dc:creator>
				<category><![CDATA[Currency Day Trading]]></category>
		<category><![CDATA[binary options]]></category>

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		<description><![CDATA[<p>What are the basics involved in binary options trading?</p>
<p>Exotic Options, sometimes called digital or fixed return options, is a simplified yet exciting method of trading the financial markets, based on a determination of whether the worth of an asset—such as a split outlay or commodity like gold—will close ABOVE or BELOW the tide worth within <p><b>Continue reading</b> <a href="http://pureforex.net/currency-day-trading/what-are-the-basics-involved-in-exotic-examples-trading/">What Are The Basics Involved In Exotic Examples Trading?</a></p>]]></description>
			<content:encoded><![CDATA[<p>What are the basics involved in binary options trading?</p>
<p>Exotic Options, sometimes called digital or fixed return options, is a simplified yet exciting method of trading the financial markets, based on a determination of whether the worth of an asset—such as a split outlay or commodity like gold—will close ABOVE or BELOW the tide worth within a set time interlude such as the next one hour. If our prediction is exact we win the trade and earn the payout established for that particular asset and time period—generally 70-80% of the amount of the trade.</p>
<p>There are a few plain considerations to twofold options trading: the asset to trade, the course of the value at the option expiration time relative to modern assess, and the trading survey. If we consider the assess of the asset will close ABOVE stream rate at expiry, we want to buy a CALL decision. If we judge the assess of the asset will close BELOW the modern estimate at expiry, we want to buy a PUT option.</p>
<p>As a broker we verify the estimate which we want to place on any given trade, whether it is $50, $100, $500 or any other estimate depending on our confidence steamroll and menace tolerance.</p>
<p>If our speculation is mark, we are “in-the-money”. If the bazaar moves in the differing command from our prediction, we are “out-of-the-money”. If the asset estimate on our option closes at the extract<br />
same levels, we are “at-the-money” and entertain our unique trading profit back with neither profit nor failure.</p>
<p>How will I know which assets to trade and when?</p>
<p>As pioneers in the turf, StartOptions has urbanized a systematic approach to providing the trading tools, advertise awareness and consumer carry our traders need to follow in the world of day trade options. We suggest as range of schooling modules from plain to more higher trading strategies geared towards first time traders as well as the more experienced forex or universal promote backer.</p>
<p>Dual Options can be an ideal complement to traders who like trading in forex markets and are looking to swell their trading “tool kit” into binaries, ahead exposure to additional markets such<br />
as shares and commodities. We are continuously knowledge from the promote and sharing that skill for the profit of our clients.</p>
<p>What are the profit to digital options trading?</p>
<p>? Simplified Trading<br />
StartOptions simplifies the trading process to allow you to trade in numerous markets&#8211;forex, commodities, stocks and indices&#8211;in an painless and exciting way.</p>
<p>? Distinct Attempt &amp; Gain<br />
Keep your gamble known in proceed by trading options that offer pre-determined payouts whether they close &#8220;in-the-money&#8221; or &#8220;out-of-the-money&#8221;. Options opened on the StartOptions platform<br />
automatically close out at expiry time, so there&#8217;s no need to constantly overseer your trades.</p>
<p>What are the advantages of Day trade Options over Forex or<br />
“plain vanilla” portion trading?</p>
<p>? Profit from Rising &amp; Declining Markets<br />
Binary options are ideal for traders who want to profit from both rising &amp; declining markets. If you deem the penalty of an asset will begin, buy a call selection. If you judge the assess of an asset will fall, buy a put option. If your prediction is proper, earn up to 81% profit on your trade.</p>
<p>? Released Education &amp; Bear<br />
StartOptions offers our clients gratis education &amp; uphold, depending on early deposit levels.  Ask us today for the range of help levels and trading tools we bestow our clients.</p>
<p>? No Commissions<br />
StartOptions offers its clients the ability to trade online with no commission electric on trades.</p>
<p>Learn more about <a href='http://binaryoptionreview.com' target='_blank'>Binary Options</a> or jump right in and get a free trading account at <a href='http://binaryoptionreview.com/startoptions' target='_blank'>Start Options</a></p>
<p>In case you are trying to find  info about the topic of <a href='http://www.forexmaestro.com/' target='_blank'>forex trading online</a>, then   visit the web page that is mentioned  in this paragraph.</p>
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		<title>The Top 5 Causes Why Day Traders Like Contract For Difference</title>
		<link>http://pureforex.net/currency-day-trading/the-top-5-causes-why-day-traders-like-contract-for-difference/</link>
		<comments>http://pureforex.net/currency-day-trading/the-top-5-causes-why-day-traders-like-contract-for-difference/#comments</comments>
		<pubDate>Tue, 07 Sep 2010 18:03:33 +0000</pubDate>
		<dc:creator>FX Guru</dc:creator>
				<category><![CDATA[Currency Day Trading]]></category>
		<category><![CDATA[day trading]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[forex]]></category>
		<category><![CDATA[investing]]></category>
		<category><![CDATA[stocks]]></category>

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		<description><![CDATA[<p>By far the most general question asked among budding CFD traders is &#8216;what are the most beneficial CFD day trading strategies or the best winning CFD trading schemes that the profitable CFD traders use?&#8217;</p>
<p>Here we&#8217;ll take a look at several causes why day traders prefer to trade a contract for difference over other derivative outputs <p><b>Continue reading</b> <a href="http://pureforex.net/currency-day-trading/the-top-5-causes-why-day-traders-like-contract-for-difference/">The Top 5 Causes Why Day Traders Like Contract For Difference</a></p>]]></description>
			<content:encoded><![CDATA[<p>By far the most general question asked among budding CFD traders is &#8216;what are the most beneficial CFD day trading strategies or the best winning CFD trading schemes that the profitable CFD traders use?&#8217;</p>
<p>Here we&#8217;ll take a look at several causes why day traders prefer to trade a contract for difference over other derivative outputs and uncover the most common CFD day trading strategies.</p>
<p>No overnight investing<br />
CFDs have absolutely improved into the perfect selection for short term day traders and there are a some main causes for this. Initially, CFDs undergo a financing rate when you hold a position overnight. The financing for long positions is typically the RBA rate (cash rate) +2%. So if the RBA level is 7% then you pay 9% per year calculated back as a day rate. One variant to evade this is to take away your position before the trading day is over, therefore evading the CFD financing rates.</p>
<p>CFD Leverage for day traders is unbelievable<br />
Another considerable cause that CFD day trading schemes are quite popular is due to the incredible leverage you get access to. You see, if you had $5,000 in a stock trading account then you can just trade $5,000 and a 5% move on $5,000 is only $250.</p>
<p>CFD liquidity on the top 100 ASX stocks is solid<br />
The main key for short term day traders is a highly liquid market and not ordinary other derivative items like options, CFDs mirror the liquidity of the underlying stock market. When trading utilizing a Direct Market Access (DMA) provider you are able to obtain access to and can notice the exact volume available on every stock at muliple levels of depth.</p>
<p>Low commission level for CFD traders<br />
By far the hugest highlight for CFD day traders rather low commission rates. Indeed some of the most well known CFD products are the index CFDs which are without any commission. This gives you access to a fast moving product with ample liquidity for zero brokerage.<br />
Even if you are day trading the top 100 <a href='http://www.icmarkets.com.au/' target='_blank'>CFDs</a>, the brokerage is still too low. The great number of <a href='http://www.icmarkets.com.au/' target='_blank'>CFD</a> brokers in Australia charge a minimum of $10 or 0.1% and this makes the day traders quite happy.</p>
<p>Day Traders preffer volatility which as been rather high now.<br />
Volatility and <a href='http://www.icmarkets.com.au/' target='_blank'>CFD trading</a> are the ideal couple. Day traders can&#8217;t allow sit there watching a stock go nowhere, they wish movement and fast movement. When the markets are volatile, short term day traders are in their element and as usual profiting handsomely from the short sharp intraday movements.</p>
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		<title>James De Wet&#8217;s Lab Rats Program</title>
		<link>http://pureforex.net/currency-day-trading/james-de-wets-lab-rats-program/</link>
		<comments>http://pureforex.net/currency-day-trading/james-de-wets-lab-rats-program/#comments</comments>
		<pubDate>Fri, 13 Aug 2010 20:50:47 +0000</pubDate>
		<dc:creator>FX Guru</dc:creator>
				<category><![CDATA[Currency Day Trading]]></category>
		<category><![CDATA[forex science]]></category>
		<category><![CDATA[forex success]]></category>
		<category><![CDATA[forex training]]></category>
		<category><![CDATA[james de wet]]></category>
		<category><![CDATA[lab rats program]]></category>

		<guid isPermaLink="false">http://pureforex.net/currency-day-trading/james-de-wets-lab-rats-program/</guid>
		<description><![CDATA[<p>Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade. Discover a Forex Robot that made 2,300% NET PROFIT in 2009 and download the Forex Auto Detector Software FREE that can increase the profitability of any forex robot by 53% and more. Try James de Wet&#8217;s Forex Science Live Trading Exclusive Charter <p><b>Continue reading</b> <a href="http://pureforex.net/currency-day-trading/james-de-wets-lab-rats-program/">James De Wet&#8217;s Lab Rats Program</a></p>]]></description>
			<content:encoded><![CDATA[<p>Learn this powerful <a href='http://www.ninjatraderblog.com/trading/2009/10/fibonacci-retracement/' target='_blank'>Fibonacci Retracement</a> method FREE that pulls 500+ pips per trade. Discover a <a href='http://tradingninja.com/2010/01/forex-megadroid-robot/' target='_blank'>Forex Robot</a> that made 2,300% NET PROFIT in 2009 and download the Forex Auto Detector Software FREE that can increase the profitability of any forex robot by 53% and more. Try James de Wet&#8217;s <a href='http://tradingninja.com/2010/06/forex-science-live-trading/' target='_blank'>Forex Science</a> Live Trading Exclusive Charter Group for 30 days! James de Wet: Did you know that roughly 70% of my members fail to succeed at Forex trading? Did you know that the figure is much higher around the world? (Closer to 95%) Frankly, I&#8217;m tired of it, and I&#8217;m going to do something about it.  I&#8217;m going to offer 100 ordinary men and women the chance  to reach *guaranteed* Forex success. </p>
<p>THE &#8220;TURTLES&#8221;</p>
<p>A trader named Richard Dennis believed that trading COULD be taught to ordinary men and women. He took on a group of 23 regular people and taught them his secret trading methods. Within five years, his Turtles had generated over 175 MILLION dollars in trading profits. I&#8217;m going to do the same.</p>
<p>In the next few weeks, I&#8217;m going to open my *Lab Rats Program* I am going to take 100 traders from all over the world and put them through my Lab Rats program with a GUARANTEED  outcome &#8211; making money from trading Forex.</p>
<p>Lots of it. I&#8217;ll let you know more details over the coming weeks, but I can tell you from the &#8220;get go&#8221; that this program will require dedication and commitment from the Rats. In return, I&#8217;ll MAKE SURE you succeed. If you&#8217;re interested, drop me an email with the words LAB RAT in the subject line, and you&#8217;ll hear from me soon. When I say &#8220;guaranteed&#8221; I mean it.</p>
<p>Chris: I&#8217;m sure by now you are starting to get the picture? Well you are not alone, here are some comments I have received from clients who bought The-Traders-Mindset&#8230;</p>
<p>&#8220;Hi Chris</p>
<p>The best I&#8217;ve seen. Your history makes it so easy to understand and you make it so important to trade the way you tell us to do. <br />
Thanks&#8221;</p>
<p>&#8220;Hi Chris,<br />
Thanks.<br />
I jumped ahead to the next one; I can see that this is going to be a fantastic course; I hesitated a little but my gut told me that I needed to balance the scales; I have spent so much on &#8220;systems&#8221; and it is now time to address the &#8220;other&#8221; and much more important side of the coin.  Great stuff; this first look at the material tells me that this IS going to be the most important decision in my trading career. Well done; keep it up. And why do you keep talking about me and my trading experience??!!<br />
Cheers,<br />
Mike&#8221;</p>
<p>&#8220;Hi Chris,</p>
<p>I am very impressed with your material. Great job!</p>
<p>Z&#8221;<br />
&#8220;Dear Chris</p>
<p>Thank you very much indeed for the great course!  I do feel that even if the Trader&#8217;s Mindset course had ended with Step 3, it would still have been worth every cent.</p>
<p>I think that your presentation style is great and the material is well reinforced with analogies, illustrations and examples.  Although I am fairly well acquainted with the material that you have covered so far in the course (although &#8216;well acquainted&#8217; does not imply that I have &#8220;mastered&#8221; it), you do have a great ability to not only bring the material across in a fresh, direct way and challenging way, bit also to hold my undivided attention.  During those periods when I have been listening to your video presentations, many friends&#8217; phone calls have gone unanswered.  (If only they knew!)  I guess that is a start to staying focussed and being &#8220;in the zone&#8221;.  Keep up the good work &#8211; I am really enjoying it.&#8221;</p>
<p>And when I specifically asked for criticism&#8230;.</p>
<p>&#8220;Hi Chris,<br />
Just digging into lesson 3 now and I gotta tell you that I love the CCR intro!  Great job mate! the trade planner is good stuff!  are you using the daily chart to get the levels you show in the video?  comfort zone is so true&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;great points that being comfortable can be deadly!  &#8220;great American dream&#8221; i kinda thought your accent is from jersey  &#8230;&#8230;&#8230;&#8230;.. didn&#8217;t know u are a wanky yank mate! </p>
<p>VIDEO 8 WAS SIMPLY SUPERB! ditto for video 9 Wish I had some criticism for you here mate but i like everything you&#8217;ve done so far! Ok so enough (I seriously have hundreds more) I am sure you get the picture. There is no decision to make really.  By making the commitment you will be ratcheting up your trading to a whole new level of supreme confidence today.</p>
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		<title>Understand Contract For Difference Trading Psychology</title>
		<link>http://pureforex.net/currency-day-trading/understand-contract-for-difference-trading-psychology/</link>
		<comments>http://pureforex.net/currency-day-trading/understand-contract-for-difference-trading-psychology/#comments</comments>
		<pubDate>Tue, 20 Jul 2010 02:46:55 +0000</pubDate>
		<dc:creator>FX Guru</dc:creator>
				<category><![CDATA[Currency Day Trading]]></category>
		<category><![CDATA[CFD trading]]></category>

		<guid isPermaLink="false">http://pureforex.net/currency-day-trading/understand-contract-for-difference-trading-psychology/</guid>
		<description><![CDATA[<p>Contract for difference traders are not just competing with each other in the market. They are competing with themselves. Traders can be emotional and irrational, and that can make them their own worst enemies. </p>
<p>Emotions and instincts can provide trading successes, but they are more likely to provide trading losses unless we learn to be <p><b>Continue reading</b> <a href="http://pureforex.net/currency-day-trading/understand-contract-for-difference-trading-psychology/">Understand Contract For Difference Trading Psychology</a></p>]]></description>
			<content:encoded><![CDATA[<p>Contract for difference traders are not just competing with each other in the market. They are competing with themselves. Traders can be emotional and irrational, and that can make them their own worst enemies. </p>
<p>Emotions and instincts can provide trading successes, but they are more likely to provide trading losses unless we learn to be in charge of them. This is why understanding trading psychology is valuable. </p>
<p>Many CFD traders would like to dissociate themselves from their feelings. Unfortunately, this is impossible, and some emotions may even add to their trading successes. Therefore, it is more useful to learn to be familiar with yourself as a investor, recognizing your own strengths and weakness, so that you can select a trading style that suits you. </p>
<p>In this section, you will learn about four psychological biases that may adversely effect your trading results, and you will discover what you can do to overcome them. The biases are: </p>
<p>1.	Overconfidence<br />
2.	Anchoring<br />
3.	Confirmation<br />
4.	Loss aversion </p>
<p>1.	Overconfidence Bias<br />
Overconfidence bias is an overstated belief in your competence as a investor. Any trader who finds themselves thinking that they know the business inside-out and that they have nothing more to learn and that fortunes are theirs for the taking, may well suffer from an overconfidence bias. </p>
<p>Dangers of Overconfidence <br />
Overconfident traders tend to get themselves into trouble by trading too frequently or by placing particularly large trades with the goal of making a killing. It&#8217;s not inevitable, but an overconfident trader invites failure. </p>
<p>Are You Overconfident? <br />
If you want to identify whether you have a tendency to be overconfident, ask yourself, “Have I ever delayed or reversed a decision because I couldn&#8217;t believe I was wrong?” Likewise, you could ask yourself, “Have I ever placed more on a trade than what I know is really prudent?” </p>
<p>Overcoming Overconfidence <br />
One way to overcome an overconfidence bias is to stick to a strict set of risk management rules. These rules should limit the number of markets you invest in, the number of Contracts for difference you trade at one time, how much you are willing to risk on any one trade and how much of your account are you willing to lose before you take a break from trading and re-evaluate your trading strategy. </p>
<p>2.	Anchoring Bias<br />
Anchoring bias is a perception that the future is going to look extremely similar to the present. When you anchor yourself too closely to the present, you may fail to notice dramatic changes in the offing. </p>
<p>Risks of Anchoring <br />
Anchored traders tend to get themselves into trouble because they wrongly believe that present trends will never end or that companies they&#8217;ve always followed will never let them down. Because they are emotionally attached to a Contract for difference, they continue to make investments in a way which is not optimal in changed circumstances. With each trade, they lose more money because they are bucking the trend. </p>
<p>Are You Anchoring? <br />
If you want to know if you have any anchoring tendencies then ask yourself, “Have I ever lost money because I couldn&#8217;t accept that a trend had ended?” If you have done this, you need to be aware of that tendency. </p>
<p>Overcoming Anchoring <br />
One way to overcome anchoring is to seek a new perspective. Look at different time-frames on your charts. If you usually rely on hourly charts for data, look instead at the daily and weekly charts to explore long-term trends as well as levels of support and resistance. You could also examine shorter-term charts to see if trends are reversing. <br />
Broadening your standpoint in this way will help you to avoid anchoring yourself to any one point. </p>
<p>3.	Confirmation Bias<br />
Confirmation bias is the habit of only looking for information that supports your beliefs. If you anticipate the price of BHP Billiton (BHP) is going to rise, for example, you will only really take in news and data that bolster your belief. </p>
<p>Risks of Seeking Confirmation <br />
Traders who pursue confirmation of their beliefs tend to miss warning signs that would otherwise protect them from unnecessary losses. Ultimately, this can only lead to losing money because decisions to buy or sell, or even to do nothing, are being made on false premises. </p>
<p>Do You Seek Confirmation? <br />
To know if you have any confirmation bias tendencies, ask yourself, “How often do I look for signs that I may be wrong in my analysis?” If your answer is rarely or never, you may be a confirmation seeker and you need to actively work to ensure that such a bias never influence your better judgment. </p>
<p>Overcoming Confirmation Bias <br />
One way to overcome confirmation bias is to find an individual or group with whom you can chat about your trading. You don&#8217;t need someone who will simply flatter you or perpetually agree with you. Traders with different views and ideas will help you to be more prudent. Sometimes your convictions will only be reinforced by talking with other traders, but at other times, they may force a total and timely rethink. </p>
<p>4.	Loss Aversion Bias<br />
Loss aversion bias is based on the theory that losing $1,000 will have a larger impact on you emotionally than gaining $1,000 will. In other words, fear is a more powerful motivator than greed. </p>
<p>Dangers of Loss Aversion <br />
Ironically traders who fear losses are much more likely to hold onto losing positions than traders who are able to accept short-term losses and exit their trades. A reluctance to give up a losing position will not only result in you incurring bigger losses but also preclude you from finding better trades. </p>
<p>Do You Fear Losses? <br />
If you want to know if you have any loss aversion tendencies, ask yourself, “Have I ever held onto a losing position, beyond the point where I knew I should have quit, because I hoped the trend would reverse and wipe out my losses?” If you have, then you need to be aware of that tendency. </p>
<p>Overcoming Loss Aversion <br />
One way to overcome a loss aversion bias is to trade with automatic stop-loss orders. Many traders trade with just a mental stop-loss that, when it comes to the crunch, they fail to honor. They let their emotions interfere with their better judgment as they try to justify irrational decisions that prevent them from quitting and cutting their losses. </p>
<p>In conclusion, as soon as you buy a CFD you should set your stop-loss order. It should be physically set, operate automatically, and you should appreciate it. </p>
<p>The Author Ben McGrath is a professional CFD trader trading with Australia&#8217;s most innovative <a href='http://www.icmarkets.com.au' target='_blank'>CFD broker</a>, IC Markets. Ben has published a number of articles on <a href='http://www.icmarkets.com.au/cfds_ebook_ic_markets.html' target='_blank'>CFDs</a> including guides and ebooks which you can download for free.</p>
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		<title>James De Wet&#8217;s New Forex Scalping System</title>
		<link>http://pureforex.net/currency-day-trading/james-de-wets-new-forex-scalping-system/</link>
		<comments>http://pureforex.net/currency-day-trading/james-de-wets-new-forex-scalping-system/#comments</comments>
		<pubDate>Fri, 16 Jul 2010 21:48:15 +0000</pubDate>
		<dc:creator>FX Guru</dc:creator>
				<category><![CDATA[Currency Day Trading]]></category>
		<category><![CDATA[forex scalping]]></category>
		<category><![CDATA[forex scalping system]]></category>
		<category><![CDATA[forex science]]></category>
		<category><![CDATA[james de wet]]></category>
		<category><![CDATA[scalping system]]></category>

		<guid isPermaLink="false">http://pureforex.net/currency-day-trading/james-de-wets-new-forex-scalping-system/</guid>
		<description><![CDATA[<p>Learn this Fibonacci Retracement method FREE that pulls 500+ pips per trade. Subscribe to this Candlestick Patterns and Charting FREE Video Newsletter by Steve Nison considered to the Father of Candlestick Trading. Give 30 days RISK FREE Trial to James de Wet&#8217;s Forex Science Live Trading Labs..</p>
<p>Chris Mathews: Speaking of an edge, my mate James <p><b>Continue reading</b> <a href="http://pureforex.net/currency-day-trading/james-de-wets-new-forex-scalping-system/">James De Wet&#8217;s New Forex Scalping System</a></p>]]></description>
			<content:encoded><![CDATA[<p>Learn this <a href='http://www.ninjatraderblog.com/trading/2009/10/fibonacci-retracement/' target='_blank'>Fibonacci Retracement</a> method FREE that pulls 500+ pips per trade. Subscribe to this <a href='http://www.ninjatraderblog.com/trading/2009/10/candlestick-patterns/' target='_blank'>Candlestick Patterns</a> and Charting FREE Video Newsletter by Steve Nison considered to the Father of Candlestick Trading. Give 30 days RISK FREE Trial to James de Wet&#8217;s <a href='http://tradingninja.com/2010/06/forex-science-live-trading/' target='_blank'>Forex Science</a> Live Trading Labs..</p>
<p>Chris Mathews: Speaking of an edge, my mate James is rolling out his brand new scalping system &#8211; well the system is not new by any means as he trades it on a daily basis. But it is the first time he is going to share it with anyone else.</p>
<p>Hello, Houston we have a problem! Doesn&#8217;t quite match up to what you hear about Forex I bet? The fact of the matter is, no one really wants to tell you about these figures because they are too busy trying to sell you something. But don&#8217;t run for the hills just yet, because you have already substantially lowered  the  your odds of you losing considerably, just by making the effort to find out more about the &#8220;secret&#8221;.</p>
<p>If you are prepared to just do that little bit more then/than the average trader then you really do have a good shot at this, and I mean that. I know for a fact that the only real difference between the minority of successful traders (and I am backed up by Mark Douglas on this one) and the &#8220;lambs going to slaughter&#8217; each year all comes down to one really simple factor.</p>
<p>Their &#8220;Traders-Mindset&#8221;! Yep, that&#8217;s it! Unbelievable as it may seem, That&#8217;s the only real difference between this being everything you dreamed it would be, and the harsh reality that the vast majority of traders succumb to. Will drop you another video tomorrow, with a lot more insights,</p>
<p>James de Wet: As usual, I won&#8217;t be trading today, as the Non Farm Payrolls (NFP) report comes out at 8.30am Eastern. If you aren&#8217;t sure what it is, google it. The NFP report makes the trading day very difficult, and even dangerous. Please ask me about it in the live session on Tuesday if you would like to know more <img src='http://pureforex.net/wp-includes/images/smilies/icon_smile.gif' alt=':-)' class='wp-smiley' />  There is however ONE opportunity to trade on NFP Friday, and I made a video about it on my blog at the link below. I think it&#8217;s the third video down. This trade comes along once every 4 weeks, but its always  a good one.</p>
<p>I&#8217;m going to the FIFA World Cup quarter final today (Holland v Brazil) so I won&#8217;t be able to send out a trade alert after the NFP, but the video will give you a great idea of how to do it <img src='http://pureforex.net/wp-includes/images/smilies/icon_smile.gif' alt=':-)' class='wp-smiley' />  There are still a few copies of my Precision Scalping Course up for grabs, but you probably need to act fast:</p>
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		<title>Learn More About Contract For Difference Margin Calculations</title>
		<link>http://pureforex.net/currency-day-trading/learn-more-about-contract-for-difference-margin-calculations/</link>
		<comments>http://pureforex.net/currency-day-trading/learn-more-about-contract-for-difference-margin-calculations/#comments</comments>
		<pubDate>Mon, 12 Jul 2010 03:17:11 +0000</pubDate>
		<dc:creator>FX Guru</dc:creator>
				<category><![CDATA[Currency Day Trading]]></category>
		<category><![CDATA[CFD trading]]></category>

		<guid isPermaLink="false">http://pureforex.net/currency-day-trading/learn-more-about-contract-for-difference-margin-calculations/</guid>
		<description><![CDATA[<p>Contract for difference Margin requirements
An initial margin amount is required to open a CFD position, either long or short.  There are a couple of sorts of margins that are applied to the entire value of a CFD position. They are initial margin and variation margin.</p>
<p>Initial Margin
Initial Margin is the initial deposit needed to open <p><b>Continue reading</b> <a href="http://pureforex.net/currency-day-trading/learn-more-about-contract-for-difference-margin-calculations/">Learn More About Contract For Difference Margin Calculations</a></p>]]></description>
			<content:encoded><![CDATA[<p>Contract for difference Margin requirements<br />
An initial margin amount is required to open a CFD position, either long or short.  There are a couple of sorts of margins that are applied to the entire value of a CFD position. They are initial margin and variation margin.</p>
<p>Initial Margin<br />
Initial Margin is the initial deposit needed to open a position. For Australian equity Contracts for difference, this ranges from between 5% to 50% of the whole notional value of the position. Hence, if you purchased 10,000 XYZ CFDs at $1.35, you would be required to have not less than $1,350 within your account to cover the minimum margin prerequisite (10% of the total position size of $13,500). The margin prerequisite for index and foreign exchange CFDs can even be as low as 1%.</p>
<p>Variation Margin<br />
Variation Margin is the difference between the initial margin and the margin required to keep the position open as the position value changes. E.g. if bought 2,000 XYZ CFDs, at $5.60 it would give you a position value of 2,000 x $5.60 = $11,200. Assuming XYZ is margined at 10% you would want a minimum $1,120 initial margin to open this position. If XYZ goes down to say, $5.40, you will now have a loss of $400 ($0.20 x 2,000). This loss (called variation margin) is subtracted from the initial margin of $1,120, leaving a deposit of $720. Since you continue to hold 2,000 XYZ contracts at $5.40 you have got a margin requirement of $1,080 (i.e. 2000 x 5.40 x 10%). However , there is now a paper loss of $400 and the initial margin has been reduced to $720. This is $360 less than the margin required to keep the position open, which means more margin is needed to top up the account. The deficit in margin is known as a shortage in equity. If you can&#8217;t sustain your margin requirement you will be unable to extend your position however you will always have the ability to reduce or close a position.</p>
<p>Equity Balances<br />
The equity (or balance) of your account will rise and fall in accordance with the cash you&#8217;ve deposited or withdrawn from your account, the profits or losses affecting your account and the size of the positions held.  During the trading day your account balance, as well as all open positions, are valued against the prevailing market rate. Hence your equity balance is continually calculated in-line or marked-to-market with market movements. Your end of day account balance is calculated using the mid-closing rates (or the final traded price). The equity balance is used to assess your available margin against existing positions, and possible new positions you may wish to take. Your cash balance is used to determine if there is a requirement for extra margin deposits in your account. Once a CFD trade is opened, variation margin requirement must always be maintained on your open positions. It&#8217;s your responsibility to ensure that your account is adequately margined at all times, particularly during volatile trading periods.  You&#8217;ll only be allowed to buy and sell and retain open positions on the basis of cleared funds in your account, not on promised funds or funds in transit therefore you have to allow enough time for money to clear when depositing cash into your account.</p>
<p>If a position turns into profit, the increase in the equity of your account makes it possible for for more positions to be opened.  </p>
<p>Shortage in Equity<br />
A shortage in equity occurs when the account balance falls below the specified initial margin. Accounts with a shortage in equity are generally only allowed to reduce open positions, until the equity balance is in more than the required deposit. No new positions can be opened until this situation is rectified.</p>
<p>Margin Calls<br />
If ever the market moves against you and your equity balance falls below your initial margin you usually have the option to:<br />
i.	close one or more of your open position(s), to reduce your initial margin to the required level; and/or <br />
ii.	add more money to your account to maintain the initial margin.<br />
This is the initial trigger level for margin, known as the &#8216;Margin Call&#8217;, which you must add additional funds to keep your open positions.</p>
<p>Stop Out Level<br />
You will be at risk that your open positions will generally be closed when you have less than 40% of your required initial margin (i.e. 40% of your position size) however this may vary between CFD providers.</p>
<p>Margin, leverage and risk<br />
Margin and the associated leverage can be very useful if you use it correctly. It can also be devastating to the inexperienced trader who has little understanding of the dangers of using leverage with no defined risk management plan.  There are several ways of using the leverage available by trading Contracts for difference, from the most conservative to the most aggressive. The way in which you use leverage will depend on your personal circumstances.</p>
<p>Prior to trading <a href='http://www.icmarkets.com.au/cfds_ic_markets.html' target='_blank'>CFDs</a> make sure you read the Product Disclosure Statement (PDS) your CFD broker issues as this will explain in detail how your CFD broker deals with margin. You must also read this free guide to <a href='http://www.icmarkets.com.au/cfds_ebook_ic_markets.html' target='_blank'>CFD trading</a>, which explains leverage and margin in detail. </p>
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		<title>The Six Major Reasons Traders Lose Money</title>
		<link>http://pureforex.net/currency-day-trading/the-six-major-reasons-traders-lose-money/</link>
		<comments>http://pureforex.net/currency-day-trading/the-six-major-reasons-traders-lose-money/#comments</comments>
		<pubDate>Wed, 09 Jun 2010 19:36:30 +0000</pubDate>
		<dc:creator>FX Guru</dc:creator>
				<category><![CDATA[Currency Day Trading]]></category>
		<category><![CDATA[forex broker]]></category>

		<guid isPermaLink="false">http://pureforex.net/currency-day-trading/the-six-major-reasons-traders-lose-money/</guid>
		<description><![CDATA[<p>In FOREX trading, there are six major reasons traders lose money. If you can avoid these pitfalls then you can join the minority of winners that pile up the big profits consistently. </p>
<p>Here are the trading traps that will cause you to lose money:</p>
<p>1. The Contrarian&#8217;s Disease</p>
<p>You should have a contrary opinion to the other <p><b>Continue reading</b> <a href="http://pureforex.net/currency-day-trading/the-six-major-reasons-traders-lose-money/">The Six Major Reasons Traders Lose Money</a></p>]]></description>
			<content:encoded><![CDATA[<p>In FOREX trading, there are six major reasons traders lose money. If you can avoid these pitfalls then you can join the minority of winners that pile up the big profits consistently. </p>
<p>Here are the trading traps that will cause you to lose money:</p>
<p>1. The Contrarian&#8217;s Disease</p>
<p>You should have a contrary opinion to the other Forex traders in the market &#8211; most traders lose money, so you want to trade in opposition to the herd. <a href='http://www.forex-enterprises.net/' target='_blank'>forex broker</a></p>
<p>Most traders lose because they lack discipline and money management &#8211; but they&#8217;re very often right about market direction. It&#8217;s the trader&#8217;s inability to maximise these opportunities when they&#8217;re trading the FOREX &#8211; and stay with the trend, that makes them lose money.</p>
<p>Many traders are looking to pick tops and bottoms, and never focus on trend following. Picking tops and bottoms is impossible. You can&#8217;t predict the turning points in FOREX trading &#8211; so you need to change your focus to trend following, not prediction. <a href='http://www.forex-enterprises.net/blog/forex-broker/forex-broker' target='_blank'>forex broker</a></p>
<p>2. The Chartists Trap</p>
<p>In FOREX trading many traders fall into the trap of putting all their efforts into studying charts. Studying charts is important &#8211; but you must not be too subjective, or you will end up losing.</p>
<p>Avoid methods that need too much subjective analysis, such as Elliot Wave and cycles &#8211; and gravitate towards indicators that define trends &#8211; such as moving averages and momentum oscillators.</p>
<p>Be objective and not subjective in your FOREX trading.</p>
<p>3. Ego</p>
<p>FOREX trading attracts some of the cleverest people in the world, these traders are smart &#8211; but they also have big egos. An ego is a bad trait in FOREX trading &#8211; as it means you always want to see the market, as you want to see it &#8211; and not how it really is.</p>
<p>Traders need to ask themselves this question: Do you want to make money or feel smart? The market won&#8217;t accommodate both of these desires &#8211; if you want to make money, leave your ego behind.</p>
<p>The humble trader who has an objective and disciplined FOREX trading plan, realizes the market can make him (and everyone else) look stupid. However, he&#8217;s only interested in making money, and he&#8217;ll generally out perform an ego filled trader, who wants to beat the market.</p>
<p>4. Guru Syndrome</p>
<p>When you&#8217;re trading in the FOREX market, it&#8217;s tempting to follow someone who&#8217;s made money &#8211; or says they have.</p>
<p>It&#8217;s a fact that most traders want success given to them by someone else, and these traders can&#8217;t take responsibility for their own actions.</p>
<p>In the game of FOREX trading, the only way to succeed is on your own &#8211; if you can&#8217;t accept this, then do something else.</p>
<p>5. Chasing your Tail</p>
<p>Many traders get impatient when FOREX trading &#8211; they start trading using one method, get frustrated with it when it&#8217;s not performing &#8211; they then switch to a different method, and so on.</p>
<p>Bad periods are normally followed by good trading results (if you&#8217;re using a soundly based system) &#8211; so patience and discipline are needed. By frequently chopping and changing systems, you&#8217;ll lose money.</p>
<p>If you have a trading plan that you believe in, then stick with it &#8211; and stop chasing your tail. Stay focused, and be patient with your system.</p>
<p>6. Using Options Incorrectly</p>
<p>When you&#8217;re FOREX trading, using options gives you staying power &#8211; and limited risk, which makes options a great trading tool.</p>
<p>Many traders use options incorrectly &#8211; they focus on buying options with small time value, and that are way out of the money. This is a guaranteed way to lose money when options trading! What you need to do is focus on buying options, at or in the money &#8211; with lots of time value &#8211; also use spreads to increase your chances of success.</p>
<p>In conclusion &#8211; Don&#8217;t try and be too smart &#8211; the above pitfalls are made by some of the brightest traders around. In most cases these mistakes come from thinking you have to be clever, or use complicated methods to succeed &#8211; however the reverse is true.</p>
<p>Keep your method simple, keep your focus, accept responsibility for your actions, and accept that the market will make you look stupid at times &#8211; it does it to everyone!</p>
<p>If you watch out for the six pitfalls outlined above, you&#8217;ll be able to make big long-term profits &#8211; and that&#8217;s the ONLY goal in FOREX trading.</p>
<p>Find helpful recommendations in the sphere of <a href='http://www.forexmoneymanager.com/' target='_blank'>forex managed account</a> &#8211;   read the web page. The times have come when concise info is really only one click of your mouse, use this chance.</p>
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		<title>Foreign Currency Trading Explained</title>
		<link>http://pureforex.net/currency-day-trading/foreign-currency-trading-explained/</link>
		<comments>http://pureforex.net/currency-day-trading/foreign-currency-trading-explained/#comments</comments>
		<pubDate>Tue, 08 Jun 2010 07:10:24 +0000</pubDate>
		<dc:creator>FX Guru</dc:creator>
				<category><![CDATA[Currency Day Trading]]></category>
		<category><![CDATA[forex broker]]></category>

		<guid isPermaLink="false">http://pureforex.net/currency-day-trading/foreign-currency-trading-explained/</guid>
		<description><![CDATA[<p>Forex trading is becoming a favorite of currency traders. Forex trading can be confusing for someone new to currency trading. The market also draws many people in because it has so many advantages over other types of trades. Forex trading is very different from stock exchange markets also, which can mean great riches for those <p><b>Continue reading</b> <a href="http://pureforex.net/currency-day-trading/foreign-currency-trading-explained/">Foreign Currency Trading Explained</a></p>]]></description>
			<content:encoded><![CDATA[<p>Forex trading is becoming a favorite of currency traders. Forex trading can be confusing for someone new to currency trading. The market also draws many people in because it has so many advantages over other types of trades. Forex trading is very different from stock exchange markets also, which can mean great riches for those who take part in forex trading. Answering the question about what is forex trading can be broken down into the basic information about forex, how exchanges work and the advantages. <a href='http://www.forex-enterprises.net/' target='_blank'>forex broker</a></p>
<p>Forex or foreign exchange trading is basically the trading of the world&#8217;s different currencies. Forex trading is done on the forex market. It is the world&#8217;s largest trading market, even above the market of the New York stock exchange. The forex market, however, is not done at a centralized location. It is done on what is called the &#8220;interbank&#8221;. This means trading is done on the telephone and through electronic networks. There are some main locations where trading is handled. These cities are located all around the world in countries like, Australia, Japan, England, United States and Germany. Forex trading can still be complex, like other trades. <a href='http://www.forex-enterprises.net/blog/forex-broker/forex-broker' target='_blank'>forex broker</a></p>
<p>Trading on the forex market involves staying current on currency exchange rates. The idea is to buy one currency while at the same time selling another currency. There are common currency combinations made to get the most out of a trade. These common exchanges are called a cross. There are a couple common terms that can help out a beginner in forex trading. The term &#8220;pips&#8221; refers to the smallest amount a cross price quote can change. The term &#8220;spread&#8221; refers to the price difference between the selling and buying price of a currency. While it is a process that takes time and energy to learn, forex trading can be very interesting because it offers many advantages over other types of trading.</p>
<p>The advantages of forex trading include many benefits that can not be found in other markets. With trade locations around the world and the major use of electronic transmissions, forex trading is open 24 hours a day. Other trading is limited by opening and closing times set based on where they are located in the world. The market is always busy. There are always buyers and sellers available. Currency is not going to fold overnight as it is a staple of life. While prices may go up and down, they do not fluctuate as much as stock prices. The forex market offers great stability over other markets.</p>
<p>Forex trading, like any form of trading, is a learnt art. It takes concentration and knowledge to do well on the forex market, but the advantages make it a much more inviting investment to many traders. Forex trading is the largest trading market simply because it offers much more to buyers and sellers than any other market can.</p>
<p>Gain realistic things to know about <a href='http://www.forexmaestro.com/' target='_blank'>forex trading online</a> &#8211;   go through this web site. The time has come when proper info is really within your reach, use this possibility.</p>
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		<title>Forex Trading &#8211; Why Do Most Traders Lose</title>
		<link>http://pureforex.net/currency-day-trading/forex-trading-why-do-most-traders-lose/</link>
		<comments>http://pureforex.net/currency-day-trading/forex-trading-why-do-most-traders-lose/#comments</comments>
		<pubDate>Tue, 08 Jun 2010 01:11:25 +0000</pubDate>
		<dc:creator>FX Guru</dc:creator>
				<category><![CDATA[Currency Day Trading]]></category>
		<category><![CDATA[forex broker]]></category>

		<guid isPermaLink="false">http://pureforex.net/currency-day-trading/forex-trading-why-do-most-traders-lose/</guid>
		<description><![CDATA[<p>You will read a lot of information on the net telling you successful forex trading is easy yet the facts are that 95% pf traders lose all their money. Now another fact is that anyone can learn to trade &#8211; so what are 95% of traders doing wrong? forex broker</p>
<p>The answer is they are simply <p><b>Continue reading</b> <a href="http://pureforex.net/currency-day-trading/forex-trading-why-do-most-traders-lose/">Forex Trading &#8211; Why Do Most Traders Lose</a></p>]]></description>
			<content:encoded><![CDATA[<p>You will read a lot of information on the net telling you successful forex trading is easy yet the facts are that 95% pf traders lose all their money. Now another fact is that anyone can learn to trade &#8211; so what are 95% of traders doing wrong? <a href='http://www.forex-enterprises.net/' target='_blank'>forex broker</a></p>
<p>The answer is they are simply getting the wrong forex education and falling for common myths, they also don&#8217;t understand the importance of mindset.</p>
<p>The link between the right education and the right mindset is crucial &#8211; as they go hand in hand for success. Sure, you need a good logical sound method but that won&#8217;t help you, if you don&#8217;t know how to apply it with discipline. <a href='http://www.forex-enterprises.net/blog/forex-broker/forex-broker' target='_blank'>forex broker</a></p>
<p>First most traders fall for myths and here are the most common ones, believing any of them and you will lose.</p>
<p>-	You can follow a system from someone else and win</p>
<p>-	You can win at day trading</p>
<p>-	You can predict forex prices</p>
<p>-	You can trade expert news stories</p>
<p>-	The markets move to a scientific formula you can trade</p>
<p>-	Buy low sell high is a great way to make money</p>
<p>-	Money management is simply placing a stop</p>
<p>Most losers make one or more of the above trading mistakes and lose quickly. In most cases it&#8217;s just simply traders are lazy, greedy and naïve.</p>
<p>Forex trading is not a walk in the park and you wouldn&#8217;t expect it to be with the rewards on offer &#8211; but for those willing to learn currency trading the right way there are huge profits to be made.</p>
<p>Let&#8217;s take the basics for successful forex trading:</p>
<p>You need to have a system you know the logic of (not just follow one blindly) and you must have confidence in how and why it works &#8211; if you don&#8217;t you simply won&#8217;t have the discipline to follow it through losing periods.</p>
<p>Of course, if you don&#8217;t have the discipline to stick with your forex trading strategy, you don&#8217;t have one.</p>
<p>The hard part is following a system with discipline.</p>
<p>Most traders have heard it&#8217;s important but are simply unable to do it in reality. A few losses and they throw in the towel.</p>
<p>The key to winning at forex trading is of course to get the right education, avoid the myths but also to acquire discipline which is really the hard part of trading</p>
<p>Discipline comes from an acceptance of you are in charge of your own destiny and confidence from your own research and learning &#8211; no one else can make you rich, only you can and most traders simply don&#8217;t understand this.</p>
<p>Forex trading is NOT easy but</p>
<p>Its not hard either if you get the right forex education and understand that your mindset to apply your method is just as important as the method you use.</p>
<p>So if you want be successful at forex trading &#8211; start educating yourself the right way and your efforts will be well rewarded, with big long term capital gains.</p>
<p>Gain helpful information about the topic of <a href='http://www.forexmaestro.com/' target='_blank'>forex trading online</a> &#8211; please make sure to go through the web site. The time has come when concise info is truly at your fingertips, use this chance.</p>
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		<title>How To Start An Automated Forex Trading System</title>
		<link>http://pureforex.net/currency-day-trading/how-to-start-an-automated-forex-trading-system/</link>
		<comments>http://pureforex.net/currency-day-trading/how-to-start-an-automated-forex-trading-system/#comments</comments>
		<pubDate>Mon, 07 Jun 2010 19:35:57 +0000</pubDate>
		<dc:creator>FX Guru</dc:creator>
				<category><![CDATA[Currency Day Trading]]></category>
		<category><![CDATA[forex broker]]></category>

		<guid isPermaLink="false">http://pureforex.net/currency-day-trading/how-to-start-an-automated-forex-trading-system/</guid>
		<description><![CDATA[<p>Many friends of mine often ask me about how they can start a full automated online trading system in forex. Yes, every trader dreams about automated trading that will release them from this routine activity. Even that they are succesful traders in manual trading, they know that someday they will have to go and let <p><b>Continue reading</b> <a href="http://pureforex.net/currency-day-trading/how-to-start-an-automated-forex-trading-system/">How To Start An Automated Forex Trading System</a></p>]]></description>
			<content:encoded><![CDATA[<p>Many friends of mine often ask me about how they can start a full automated online trading system in forex. Yes, every trader dreams about automated trading that will release them from this routine activity. Even that they are succesful traders in manual trading, they know that someday they will have to go and let robot to replace their position for trading. <a href='http://www.forex-enterprises.net/' target='_blank'>forex broker</a></p>
<p>Everyone dreams about retire young. So, in order to get relax in Bahama&#8217;s Islands, we must start to set up a full automatic online trading system and the most important thing is this system must be profitable. Why we would set up an automated trading system if this doesn&#8217;t bring us a lot of money. So, I will help people to start a profitable system.</p>
<p>What do we need to set up an automated online trading system ?</p>
<p>1. Superb VPS (Virtual Private Server) that is set up specially for automated trading</p>
<p>2. Broker Company that provides MetaTrader 4 Platform especially support micro account <a href='http://www.forex-enterprises.net/blog/forex-broker/forex-broker' target='_blank'>forex broker</a></p>
<p>3. Profitable Expert Advisor (Robot), this is the important things</p>
<p>Ok, in this post I will start to explain point 1.</p>
<p>What is VPS ?</p>
<p>VPS stands for Virtual Private Server. An automated online forex trading system needs a stable internet connection and a good computer in tehnical specification. Let say, we already have a PC at home and a stable internet connection. Would we set it online for 24 hours 5 days a week? It will take a lot of our time and a part of our freedom. Imagine that we should keep on eye on this PC whether it is crashed or not, whether electricity cut off, and many other things that could interfere the system.</p>
<p>So, we must think to rent a PC that is online for 24/5 and has a stable internet connection. The answer is VPS. If we rent a VPS, it just likes we have a PC in the hosting server. We could set the VPS just like we connect two computers and access one of them from the other. For our convinient, we should choose Windows VPS. This is based on asumption that most of us use Windows Operating System. But for people who are familiar with Linux, they also can rent a Linux VPS. So after choose the right one, we still have to find out what time is our VPS being resetted ? This is an important issue due to a robot needs a stable connection. Imagine if our robot is handling an open trading position and suddenly the VPS is being reset. EA will miss chances to handle trading positions. It means profitable position can turn into loss.</p>
<p>So, VPS that we need must support these criteria :</p>
<p>* Stable and Fast</p>
<p>* Scheduled to reset at non-trading days</p>
<p>* Have good technical specification, i.e. RAM</p>
<p>* Easy to install MetaTrader Platform</p>
<p>* 24/7 Support Team</p>
<p>* Windows System is preferred</p>
<p>* Fair Price</p>
<p>* Specialist in handling Online Trading</p>
<p>So, we must select our VPS company very careful since this matter is important to support our online trading. If you don&#8217;t have any clue about VPS that is specialist in handling online trading, I suggest CNS VPS. They also have a special discount for traders to rent some commercial EA&#8217;s. So we can try before buy them.</p>
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