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FX Trading: A Guide To Trading Foreign Exchange, 2nd Edition by Peter Pontikis, Larry Lovrencic, Alex Douglas

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Chapter 14: New technology

The only constant is change, continuing change, inevitable change, that is the dominant factor in society today. No sensible decision can be made any longer without taking into account not only the world as it is, but the world as it will be.

Isaac Asimov (1920–1992)

At its core, profitable trading is fairly simple. You just need to ensure that the price at which you buy is lower than the price at which you sell. While that may be easier said than done, it is a truth that has remained unchanged for thousands of years. However, nearly every other facet of trading has changed dramatically since the days when merchants travelled the ancient trade routes.

In the mid 1980s, major corporations would still use physical cheques ...

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