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Pips are the large digit of quot;s. The currency trade with spread available is usually within 1 to 5 pips. EUR or USD bid and ask quot; may vary among 1.3000 to 1.3001. It is having the spread of 0.01. Most of the currency quot;s.

Losses in a trade should be accepted on a positive note. As the saying goes, the effects of a trade that goes against you are able to impact the future or successive trade decisions. Never put all your eggs in the same basket.

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