CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.02% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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05.05.202312:59 Forex Analysis & Reviews: Tips for trading NZD/CHF

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 05.05.2023 analysis

The trading idea presented last April 17 talked about setting up a grid of buy limits in NZD/CHF.

Exchange Rates 05.05.2023 analysis

For the past few days, the pair has been moving upwards, gaining as much as 2,000.

Exchange Rates 05.05.2023 analysis

More specifically, the pair rose by 1,800 pips, which means that traders could now close their positions to take profit.

Congratulations to those who followed the strategy! It was based on the "grid trading" method.

Good luck and have a nice day! Don't forget to control the risks.

Andrey Shevchenko
Analytical expert of InstaForex
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