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Making Your First Forex Trade

By John Russell, About.com

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Step 2 - Open the Chart

Oanda Trading Tutorial Step 2 Open Chart Set Time Frame

Open the Chart

Now choose a currency pair and open a chart. Select a time frame. In this case, we are going to use a 15 minute time frame. Each candlestick on the chart represents 15 minutes of time.

For this example I am going to use the Australian Dollar vs the Japanese Yen, AUD/JPY pair. It is showing a strong downtrend and looks like a simple trade.

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