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Bomar
Joined Dec 2023

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What is the 7% rule in stocks? Community
The 7% rule is a risk management strategy used by traders and investors to limit losses on individual stock positions. The rule states that if a stock falls 7% or more below your purchase price, you...
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How can false breakouts be filtered using multiple time frame analysis? Community
False breakouts occur when the price briefly moves beyond a key level (such as support, resistance, a trendline, or a chart pattern) but quickly reverses, trapping traders. Multiple Time Frame...
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What are the key characteristics of a public blockchain? Community
A public blockchain is a decentralized, open, and transparent digital ledger accessible to anyone with an internet connection. Its key characteristics include:
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How does the ask price differ from the bid price? Community
The ask price and the bid price are fundamental concepts in trading, representing the two sides of a market transaction. The ask price, also known as the offer price, is the lowest price at which a...
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Importance of time frame in Forex Community
The choice of time frame in forex trading is a critical factor that influences trading strategy, risk management, and profitability. Time frames determine the duration over which price movements are...
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What is UK oil? Community
UK oil, commonly referred to as North Sea oil, is petroleum extracted from oil fields in the North Sea, primarily within the territorial waters of the United Kingdom. Discovered in the 1960s, North...
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