The Ultimate Guide to the Best Forex Candlestick Patterns
Both
the hammer and the hanging man are probably the most basic, but at the
same time, the most efficient candlestick patterns to trade Forex with
if your goal is to jump in a trade when the market is about to reverse.
That is why they belong to the category of one-candlestick reversal
patterns. The hammer is the bullish pattern that appears at the bottom
of the trend after a substantial price decline, whereas the hanging man
is a bearish pattern that can be seen at the top of the uptrend. Both
these patterns are tradable on any time frame higher than 15M.To get
more news about Forex Tips, you can visit wikifx.com official website.
The
ability to recognize and trade off these patterns is invaluable for any
successful Forex trader because they hint at the probable top, or the
probable bottom, of a trend and signal that traders should start looking
for the most optimal exit or entry points.
The hammer pattern
emerges when a currency price drop substantially lower than the opening
price of the day, but then the buyers step in and drive the price back
to the level near the day‘s open, thus forming the one-candlestick
pattern with a large lower wick (shadow), a relatively small real body
at the absence, or a very small, upper wick. The color of the real body
doesn’t bear much significance - it can be red (black) at the bottom of
the downtrend or green (white) at the top of an uptrend. Certainly, a
green body of a candlestick that flags the possible trend reversal might
look more reassuring, but in reality, there have been many strong
uptrends that stemmed from the hammer with the red body.
It‘s
important to know that the proper hammer pattern should have the lower
wick at least twice as large as the candle’s real body; otherwise, that
Forex candlestick pattern must be deemed as neutral. Also, remember that
the real body of either a hammer or a hanging man must stay close or be
within the upper (lower) price range.
When this formation appears,
traders say that the market is hammering out, and the reversal could be
in the making. But the real essence of this candlestick pattern is best
described by its Japanese name, “takuri”, which can be roughly
translated as “testing the depth of the water by trying to reach for the
bottom with a leg,” which makes a lot of sense when you look at its
structure.
The rule of thumb for using both these patterns is quite
simple: the strength, or the reliability, of a hammer or a hanging man
depends on the length of the lower wick, the size of the real body, and
the presence of the absence of an upper wick and its size. The most
meaningful patterns have a very long lower wick, small bodies, up to the
point where they look like a dragonfly doji, and a very little or no
upper wick.
There is another hint regarding this pattern that we‘d
like to share with you: when the hanging man appears at the presumed top
of the uptrend, don’t rush into selling your position because the
market is still running on the bullish steam, especially if the price
movement is supported by the increasing volume, and there is a good
chance that it would eat up the hanging man and continue pushing
northward. Instead, wait for the next session to see whether the Forex
market opens lower than the previous day‘s close. If that’s the case and
the price drops with a considerable gap, the viability of the hanging
man increases dramatically, and you can consider going short on that
particular Forex pair.
Shooting star and inverted hammer point at the exit/entry points
A
shooting star and an inverted hammer are basically a hanging man and a
hammer turned upside down that also act as the reversal patterns that
emerge at the probable finale of a strong trending movement. The pattern
is formed when the price of the particular Forex pair opens slightly
above the close of the previous day, rallies strongly at first, but then
gets pressurized by the sellers almost to the open of the trading
session, thus forming the pattern with a long upper shadow, a small
body, and little to no lower shadow. Please remember that the shooting
star pattern can be considered as tradable only in trending markets,
especially during powerful rallies, or at the top of the congestion
zone. A shooting star and an inverted hammer in the ranging market has
little to no significance with regard to forecasting the upcoming price
movement.
An inverted hammer, on the other hand, appears at the
potential bottom of a downtrend and indicates that the buyers are
seizing the initiative, and the price action might start going in the
opposite direction. Both these patterns indicate that the market
participants couldnt sustain the rally or the downslide.
However, as
with any other individual Forex candlestick pattern, it is highly
advisable to exercise patience and wait until the market reacts during
the following trading session, whether it‘s on an hourly or a daily time
frame. If the price starts moving in the direction opposite to the
trend, preferably with a gap at the session’s open, the probability of a
full-fledged reversal increases substantially. Also, when trading the
shooting star pattern, you can get the confirmation by means of momentum
indicators, such as MACD or RSI, which come very handy when determining
when the shift of power takes place within the market. If the shooting
star pops up when RSI, for instance, is deep in the overbought area
(above 80), consider going for a sell or entering a short position.
Moreover, when there is a divergence shown by any of these indicators (a
discrepancy between the direction of the price action and the movement
of indicators moving averages), the shooting star pattern at the top of
the price swing would constitute a mighty strong sell signal.
As
for the inverted hammer, it has a similar confirmation scheme: the gap
to the upside on the back of the growing bullish momentum and rising
price, but here it‘s important to take into account the color of the
real body and the time during which the price holds above the hammer’s
body and within the upper wick - the shorter it is, the higher is the
probability that the reversal will pan out.
Poche pleine, ou appel de marge
La plupart des traders individuels dans le marché sont en train de perdre leurs argent, parce que leur logique de trading suivant les tendances sont trop enracinée. Ils achètent lorsque le prix arrive aux alentours des sommets, et vendent autour des bouts. Les erreurs sur leurs entrées au marché peuvent devenir trop difficiles à rattraper.To get more news about trading, you can visit wikifx.com official website.
Les pensées du trading contre les tendances sont à l‘origine des cycles du marché. Elles requièrent des captures d’occasions avant les inversions de tendances. Cependant, ce n'est pas facile pour les traders. Il faut faire attention aux points suivants :
Se focaliser sur la mentalité populaire
La mentalité populaire a un effet sur les actions populaires, puis elle peut décider des tendances du marché de cette manière. L‘observation de la mentalité populaire contribue à l’avantage sur les jugements des états actuels du marché, extrêmement pessimistes ou optimistes. C'est un critère très important.
Utiliser les indicateurs d'une manière complète
Le trading contre les tendances se dépend des jugements des sentiments du marché, il est assez compliqué. Normalement, il doit être utilisé en combinaison avec des indicateurs tels que la volatilité, le MACD, les indicateurs aléatoires etc.
Fixer un plan de trading
Un plan de trading contre les tendances doit être strict : Il doit être composé des éléments analytiques, des indicateurs ou infos observées, des moments d'ouverture / de clôture de positions ou de stop-loss etc. Ce dernier est le plus important, car le trading contre les tendances contient de hauts risques. Si vous ne configurez pas un bon ordre de stop-loss, une fois que la tendance aura été enchaînée, vos pertes flottantes seront agrandies sans limite, ce qui devra conduire à un appel de marge.
Toutes les expériences réelles des traders professionnels pendant 20 ans, se trouvent dans l'APP WikiFX ! Cliquez ici pour télécharger : https://cutt.ly/WikiFXfr (Android) /https://bit.ly/wikifxFRiOS (iOS).
コロナ渦で増加するFX詐欺、出資金2600万円の被害
FX取引への投資話で出資金をだまし取ったとして、長野市の資産運用会社「SFP相談事務所」の5人が詐欺容疑で逮捕された事件で、前橋地検は23日、実質的経営者の関沢里志容疑者(43)(長野県千曲市)ら3人を出資法違反(預かり金の禁止)で前橋地裁に起訴した。詐欺罪については、いずれも処分保留としました。To get more news about FX詐欺, you can visit wikifx.com official website.
他に起訴されたのは、代表の酒井陽介(46)(同県上田市)、元役員の伊藤俊英(61)(長野市)の両容疑者。起訴状によると、3人は2018年6月~19年1月、元本と利息の支払いを約束し、4人から計2627万円を違法に集めたとされます。
今回の事件は「FXで損しない方法がある」との勧誘でしたが、手口は増えておりFX自動売買ツールやFX投資だけではなく仮想通貨のマイニング投資や積立NISA等様々な手口が広がっています。
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Hindari lima kesalahan ini ketika kamu ingin mulai berinvestasi !
Seiring berjalannya waktu, jumlah investor individu terus bertambah setiap tahunnya. Namun, para investor pemula sering kali belum memiliki pengetahuan yang cukup mengenai beberapa hal mendasar mengenai investasi, sehingga kerap kali kecewa dengan pertumbuhan portofolio investasinya yang tidak sesuai ekspektasi.To get more news about Tips Trading, you can visit wikifx.com official website.
Kesalahan pertama investor adalah berinvestasi sebelum siap finansial dan mental. Jangan pernah berinvestasi hingga Anda siap secara finansial dan juga mental. Secara finansial, Anda siap dengan modal sendiri dan bukan hasil berutang. Anda juga harus mempersiapkan mental karena investasi juga mengandung risiko.
Kesalahan kedua, yakni tidak realistis menetapkan target investasi. Membangun kekayaan melalui pasar saham atau investasi lainnya dapat memakan waktu, sehingga sebaiknya Anda menetapkan target yang realistis sesuai dengan karakter investasi pasar saham yang rentan volatilitas. Misalnya, return rata-rata jangka panjang pasar mendekati 10%, tetapi beberapa tahun bisa melonjak 25% atau lebih dan bisa turun 25% atau lebih juga.
Kesalahan ketiga adalah mudah percaya atas saran orang atau sumber yang salah. Banyak investor baru yang terlalu percaya pada pembicaraan yang tersebar pada media sosial, influencer, atau tips investasi yang ditawarkan oleh teman atau kolega. Siapa pun dapat merekomendasikan investasi. Tetapi, Anda perlu memerhatikan rekam jejaknya dan wawasannya.
Kesalahan keempat adalah memilih investasi yang tidak Anda mengerti. Jangan membeli mata uang kripto bila tidak mengerti akan investasi tersebut. Beberapa instrumen investasi, seperti reksadana dan deposito, dapat lebih mudah dipahami daripada yang lain.
Kesalahan kelima, yakni menempatkan terlalu banyak telur dalam satu keranjang. Jika uang Anda diinvestasikan hanya dalam beberapa investasi, Anda memiliki lebih sedikit ruang untuk kesalahan berinvestasi.
Tentu saja, jika uang Anda hanya dalam satu aset investasi dan hasilnya berlipat ganda, portofolio Anda berlipat ganda! Tetapi, jika aset tersebut turun 40%, begitu juga seluruh portofolio Anda.
Terakhir, Anda tidak melanjutkan belajar tentang investasi. Semakin banyak Anda tahu, semakin sedikit kesalahan yang mungkin Anda buat. Membaca tentang kisah investor atau rintisan bisnis baru dapat membawa Anda ke strategi investasi dan kinerja yang lebih baik.
Introducing Broker là gì? Tổng quan về nghề IB
1. IB – Introducing Broker là gì?
Introducing
Broker (được viết tắt là IB) là người môi giới trong thị trường forex
ngoại hối, kim loại quý (vàng, bạc..), hoặc chứng khoán quốc tế, cổ
phiếu Mỹ,… Công việc của một IB là giới thiệu nhà đầu tư mở tài khoản
tại sàn môi giới (còn gọi là Broker). Khi nhà đầu tư mở tài khoản và
tiến hành giao dịch, Introducing Broker sẽ nhận được tiền hoa hồng
(commission) từ Broker. Introducing Broker được xem là hình thức hợp tác
đơn giản nhất giữa một cá nhân với một Broker.To get more news about IB forex là gì, you can visit wikifx.com official website.
Người
làm IB đóng vai trò vừa làm sale, vừa là người hỗ trợ, là tư vấn, người
kết nối giữa sàn giao dịch với những nhà giao dịch – nhà đầu tư – người
mua, bán cổ phiếu/ngoại tệ. Công việc hằng ngày của một IB là:
- Hỗ trợ khách hàng mở tài khoản giao dịch.
- Hỗ trợ khách hàng cài đặt, sử dụng phần mềm và các công cụ khác.
- Giúp khách hàng có thể tiếp cận các sản phẩm dễ dàng.
- Hỗ trợ khách hàng trong quá trình nạp rút tiền.
- Nếu IB có kiến thức tốt sẽ hỗ trợ khách hàng phân tích, tín hiệu giao dịch để giúp cho khách hàng giao dịch tốt hơn.
2. Thu nhập của một IB – Introducing Broker đến từ đâu ?
Đối
với nhiều sàn giao dịch, IB nhận tiền thù lao từ hoa hồng trích từ số
tiền giao dịch của các nhà đầu tư, khách hàng của họ.
Quy trình như sau:
-
IB sẽ cố gắng tìm kiếm, trò chuyện và thuyết phục một nhà đầu tư trở
thành trở thành khách hàng. Khi đó, nhà đầu tư sẽ đăng ký và mở tài
khoản trên sàn giao dịch của công ty họ và bắt đầu các hoạt động đầu tư
mua bán.
- Khi những nhà đầu tư bắt đầu giao dịch, những người
Introducing Broker sẽ được hưởng hoa hồng dựa trên số tiền mà họ giao
dịch. Số tiền càng lớn, hoa hồng càng cao.
- Vì thế, IB không chỉ
là nhà môi giới. Họ đôi khi còn là người tư vấn, hỗ trợ thêm thông tin
và lời khuyên cho nhà đầu tư của mình.
Các loại hoa hồng dành cho IB bao gồm:
- Phí cố định thưởng cho IB trên mỗi khách hàng (hoặc số khách hàng nhất định).
- Hưởng một phần phí spread hoặc một phần commission mà sàn thu từ khách hàng được IB môi giới.
- Có thể bonus khi IB đạt chỉ tiêu doanh số về số lượng khách, số tiền ký quỹ, hoặc vượt khối lượng giao dịch.
3. Làm nghề Introducing Broker Forex, bạn có thể mang đến giá trị gì cho các nhà đầu tư của mình
Phân tích tình hình tài chính, đưa ra lời khuyên cho các nhà đầu tư.
Cung cấp các khóa đào tạo, kiến thức cũng như là tài liệu hướng dẫn cho người mới bắt đầu.
Gợi ý ý tưởng giao dịch hàng ngày và hàng tuần.
Là một nhà tư vấn đầy kinh nghiệm, chất lượng nếu bạn đã từng là một nhà đầu tư đã chinh chiến lâu năm.
Cung cấp, cập nhật những nền tảng giao dịch tốt, thông minh và tiện lợi nhất đến với khách hàng.
Tương tác với mọi người trên các diễn đàn, các cộng đồng trên mạng xã hội.
4. Làm IB ở Việt Nam có hợp pháp hay không?
Hiện
tại pháp luật không cấm Forex ở Việt Nam, nhưng nó cũng không được pháp
luật bảo vệ. Do đó không thể cấm một người bình thường trở thành IB
được. Chính vậy nên số lượng IB của các sàn ngày càng đông, nhưng chất
lượng lại không nhiều, đa dạng các thể loại. Là nhà đầu tư mới bạn
thường rất khó nhìn nhận ra ai là tốt.
IB là một nghề chính đáng. Một
nghề giúp đỡ được nhiều người và cũng là giúp chính bản thân mình, cùng
hợp tác cả hai bên đều có lợi. Tuy nhiên, nghề nào cũng vậy, có người
tốt người xấu, người tốt thì muốn giúp đỡ bạn, còn người xấu họ không
quan tâm đến bạn thắng hay thua, họ chỉ quan tâm đến số tiền họ nhận
được là bao nhiêu. Vì vậy, để chọn cho mình IB tốt, bạn cần tìm hiểu kỹ
những thông của IB đó, để bạn đưa ra quyết định của riêng mình.
FXCM: Trading Analytics Gets An Upgrade
FXCM Group has
announced an update to its free online trading portal for clients, FXCM
Plus. The website features a variety of tools deigned to help traders
get more information about the marker and their positions.To get more
news about FXCM, you can visit wikifx.com official website.
The
company is providing access to the list of tools only to account
holders at FXCM. The main enhancements are made to the Trading Analytics
4 suite which now includes account statistics, daily percentage returns
and updated texts for analyses.
The FXCM Plus portal for clients features trading signals, a trading analyzer and the aforementioned Trading Analytics suite.
At
a time when brokers are competing for differentiate themselves, firms
continue to offer additional features to their clients to improve
retention and conversion rates. Providing enough tools to traders can be
a good enough competitive advantage when clients are choosing a new
brokerage.
FXCM recently sold off its free educational portal
DailyFX to IG Group. The UK brokerage signed a special deal allowing
FXCM to have access to US clients. However in the aftermath of the
brokers exit from the US market, the company is no longer effectively
using the portal.
Educational efforts for companies are vital to the
long term success of their clients and the business overall. Increased
regulatory scrutiny over the industry has proven in recent months that
retail foreign exchange brokers need to primarily look after the
interests of their clients.
The boom of unregulated brokers and
malpractices among regulated ones have caused numerous updates and
reviews of best practices in the industry. The European Securities
Markets Authority (ESMA) has updated its requirements for retail brokers
and continued urging national regulators across the EU to rein in
malpractices by licensed brokers.
What Is The Best Time Frame To Trade Forex?
Trading the forex
market can be very lucrative – especially when you are leveraging the
right tools. However, there are dozens of different strategies,
technical indicators and potential ways to trade the forex market.
Although it might be easy for some to trade the forex market profitably,
it is certainly very hard for others. In fact, trading the forex market
might be very confusing for beginners who have no clue about technical
analysis. Therefore, it is true that one must master the basics of
trading before thinking about diving deep into the details of technical
analysis.To get more news about TMGM, you can visit wikifx.com official website.
In
this piece of content, I want to introduce you to a very basic level of
technical analysis, youll understand the significance of different
timeframes and how to use them in the forex market.
Different Trading Styles – Identify Your Personality
In
fact, trading is not a very rational process, although, in theory, it
is. In reality, however, you first must understand what kind of
personality you are before entering the forex market. There are plenty
of different trading styles, all of which differ in frequency, volume
and position size.
Short-Term Trading
Day trading, scalping, and
high-frequency trading, etc. all short-term trading. Short-term trading
is commonly done by individuals who end all their trading activity at
the end of the day to receive some regenerating sleep, without worrying
about what is currently going on with the market and their investments.
Furthermore, short-term trading suits individuals who tend to be more
impatient, have plenty of different trading ideas and love to turn those
ideas into numerous positions. The goal of short-term trading is that
various smaller profits turn into a big profit at the end of the day.
The frequency of trades is rather high, while the position size is
relatively small. Thus, as long as the majority of your trades are
profitable, you will end up making money.
Short-term traders often
use the daily chart as a broad overview of the trend. Then, experienced
day traders usually go from the macro to the micro. Consequently, they
typically monitor the 4-hour, 1-hour and 15min charts. For example, if a
day trader recognizes the confluence of many different indicators
showing bullishness for the daily chart, he could look out for bullish
and bearish arguments in the 4-hour chart. If he has found more bullish
arguments than bearish in the 4-hour, chart he could watch out for the
same confluence in the 1-hour chart. If the 1-hour is also bullish, he
could wait for the 15min chart to have a perfect entry-level for a long
position. This could include touching oversold regions in the RSI, a
bullish crossover in the lower part of the MACD as well as reaching down
to a support zone.
This is important to realize because the higher
the timeframe, the bigger the relative volatility. If the daily chart
indicates that a bearish candle is about to be formed in the near term,
it would result in a massive series of bearish candles in the 15min
chart. If you would only trade the bullish arguments in the 15min chart
without looking at the daily chart, you could make massive losses
although your initial analysis was correct in the 15min chart.
Therefore,
having a broad overview of the higher timeframes enables day traders to
minimize the risk of their trading activity.
Mid-Term Trading
Mid-term
trading is for those who can‘t stand having multiple positions a day
and who can bear with having open positions while sleeping. Indeed,
having money in the game while you are sleeping sounds crazy; however,
stop-loss orders enable you to minimize your risk. Therefore, mid-term
trading has no real downsides and actually enables you to reduce your
trading activity tremendously in comparison to day trading without
reducing the amount of profit. In fact, swing traders usually have much
bigger position sizes and a much smaller frequency of trades, which is
why the profits can be remarkable although you don’t trade as much as
day traders.
Nevertheless, swing trading doesnt mean you have to
work less. It just means that you actually spend much more time
analyzing your investment instruments than you spend actually entering
your trades. Swing traders often look at the monthly, weekly and daily
charts and enter trades comparatively seldom. To give a broad overview,
swing traders often do only one to twenty trades a year. If you only
enter a trade if there are many indicators pointing in the same
direction while looking at the bigger timeframes, then your trading
activity can be very rewarding. Thus, swing traders often leverage a
much bigger position size as their risk-reward ratio is much bigger.
Long-Term Trading
Long-term
trading doesnt really exist, rather, it is commonly known as
“investing”: If you plan to hold any given security for years, there are
many sociological, political and economic factors that surpass the
capacities of technical analysis. Investing is mostly done by
fundamental analysis.
Risk-Reward Ratio
The risk-reward ratio
describes how much you can earn from a trade versus how much you can
lose from it. For example, if you are trading a descending triangle
pattern, your reward is the target of the pattern. If you put a stop
loss two percent below your entry-level, your risk is two percent. Lets
say the target of the pattern is a 50 percent gain, which would mean
your risk-reward ratio is 25 to 1. This, of course, is an excellent
risk-reward ratio and would make a perfect trade, especially if many
different indicators point in the same direction.
TMGM Secures FMA License in New Zealand
TMGM, a
Sydney-headquartered forex and contracts for differences (CFDs) broker,
announced on Thursday that it has received a new regulator license from
New Zealands Financial Markets Authority (FMA).To get more news about trading strategy, you can visit wikifx.com official website.
In
the press release shared with Finance Magnates, the broker detailed
that its new license has been added as a part of its global expansion
endeavour. It will allow the broker to offer regulated forex and CFDs
trading services to traders based in New Zealand.
Major Expansion Plans Ahead
TMGM
operates in Australia with its Australian Financial Services (AFS)
license and is already a big name in that market. So, the expansion to
the neighbouring country can be seen as a natural extension.
“This
is a key milestone for TMGM,” TMGM‘s Chief Marketing Officer, Angelo
D’Alessio, said on the development. “Expanding our global reach has been
an important focus for us.”
TMGM has been vocal about its
international expansion plans since late 2020. Apart from the Australian
and New Zealand license, the broker is authorized and regulated by the
Vanuatu Financial Services Commission (VFSC), under which it onboards
most of its global clients.
Formerly known as TradeMax, the
brokerage rebranded itself as TMGM, the acronym for TradeMax Global
Markets, to better position itself as a global broker. Lee Yu, Chief
Executive Officer at TMGM, has additional plans to acquire more licenses
in the future to further enhance its global expansion.
Meanwhile,
the broker is focused on making its brand stronger with sports
sponsorship and inked a multi-year deal last year to sponsor the
Australian Open.
“Since the success of the Australian Open
sponsorship, widening our reach was a natural step for us in this
journey. Securing the FMA license further solidifies our commitment to
expanding our offering for New Zealand clients,” DAlessio added.
Japanese Yen Forecast: Bank of Japan Extends Easy Policy
The
Bank of Japan (BoJ) kept its super easy policy unchanged Friday,
diverging from the Federal Reserves hawkish signaling earlier this week.
The Japanese central bank held its negative interest rate firm, while
also holding steady its quantitative easing program. While the
announcement is basically void of any material shift in policy, the
special Covid program was extended to March 2022. An expected move given
the slow economic recovery.To get more news about WikiFX, you can visit wikifx.com official website.
The
extension to the banks Covid aid program marks the third lengthening
aimed at combating the impact of the ongoing pandemic. Japan has lagged
behind in its fight against Covid, trailing other major developed
economies like the United States and Australia. Still, the island nation
is set to ease social distancing measures in Tokyo on Sunday. The lag
in economic recovery has put corporate financing under stress, with the
BoJ responding by announcing a new loan measure, expected later this
year.
The state of emergency‘s expiration this Sunday comes a month
before the 2021 Olympic Games, an event many have suggested should be
cancelled given the risks posed to Japan’s increasingly dire Covid
situation. Earlier Friday, Japan‘s consumer price index (CPI) crossed
the wires at -0.1%, beating the expected consensus forecast of -0.2%.
Still, the smaller-than-expected drop in inflation is unlikely to sway
BoJ policy makers’ views on meeting the 2% target in the near future.
That said, super easy policy is likely to continue.
USD/JPY TECHNICAL BREAKDOWN
The
Japanese Yen continues to falter against the US Dollar this month,
extending weakness seen in May. USD/JPY was on track to overtake the
March swing high before pulling back overnight to the 78.6% Fibonacci
retracement level, which appears to be providing support to the currency
pair.
A break below the current Fib level could see prices fall to
trendline support. The 26-day Exponential Moving Average (EMA) looks
likely to provide a layer of confluent support near the 61.8% Fib.
Alternatively, the March high may put some overhead pressure on price
should USD/JPY rise in the coming days.
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在美國,多達40%的女性在性生活中經歷過某種形式的性不滿;有些人比其他人多。如果你是這些女人中的一員,你就得試試這個產品!它會讓你大吃一驚它有多有效!
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