Emotional Control. Process, not outcome.
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FxPro switches Turkish lira trades to close only mode
In a note to its clients, Cyprus-based and FCA regulated platform said it had transferred trades on EUR/TRY and USD/TRY currency pairs to the close only mode until further notice. “You can still close any currently open positions, and the pairs will be available for placing orders again as soon as possible,” FxPro said. Turkey’s currency saw wild moves as investors fretted about President Tayyip Erdogan’s push to cut interest rate despite rising double-digit inflation and widespread calls to reverse course. At one point yesterday, Turkey’s currency nosedived more than 15% to a record low of 13.44 against ... (full story)