FOREX TRADING STRATEGIES Both technicals and fundamentals are necessary to maximise consistent gains in trading in the long run. This is what many professionals do. The following were trades I made recently or are opportunities based on fundamentals and market sentiment.The blog on forex trading strategies will be published at least once a week. Fundamentals revealed through historical and real-time news are key and deserve more attention by traders despite the effort needed. This will pay off with a greater certitude in entering and exiting the markets when forex trading. I used to watch my trades continually with fear and trepidation. Now, I watch them knowing where and why they could move in a certain direction. It takes a while to learn the fundamentals and sentiment of currencies but it's well worth it because it works. On Friday, June 2nd, 2017, the Non-Farm Employment Change was released. This is the official net number of U.S. jobs that were created in the month of May. It was expected at 181K but came in at 138K, quite a drop. This number has the possibility of affecting future interest rate decisions by the Fed. It is still expected that the Fed will increase rates during their June meeting but future hikes could now be put on hold because of this number. The job participation rate also decreased, another negative factor for future rate hikes. This all indicated at least a temporary fall in the U.S. dollar. I coupled some of this weak dollar info with the fact that the markets seem to be anticipating the ECB to be changing their policy in turning off their printing presses soon, this indicated a stronger Euro. I placed a long EUUSD trade for 12 pips, far shorter than it actually went. If I had noticed the info in the participation rate dropping earlier, I would have stayed in longer. I wasn't convinced at the time of a continued move.
Forex (FX) is an excellent market for professional traders, where you can trade with tremendous ease of access. This article is designed to provide you with the most valuable data on the FX market, and to uncover the secrets that brokers might sometimes keep to themselves. The 6 simple secrets of successful forex trading. The system discussed here is not the holy grail of forex trading. There is no such thing. How to become a profitable forex trader has far more to do with mindset than with a specific trading strategy. In fact, no forex trading strategy can be profitable if a trader has the wrong mindset. As a Forex trader, I don’t spend more than 20-30 minutes of my time on checking the chart every day. Professional trading doesn’t mean spending several hours at the computer and analyzing tens of charts and time frames. Checking the daily time frame of the currency pairs and stocks that you follow, is what you have to do every day. After knowing all these forex strategy secrets, check your goals, schedules, and mind-sets to determine which one is the best forex trading strategy for you. Good luck! Mario Draghi. Hey, I’m Mario Draghi. I’m a writer currently resided in Thailand. For my forex experience, I have been working with brokers and trading for 5 years. The next of our day trading secrets to be exposed is a tool often overlooked by traders, an economic calendar. They simply track the occurrence of market-moving events. Yet when used correctly, they can also help you to anticipate and organise a plan around a future occasion.
7 Forex Trading Secrets EVERY Trader Should Know!! - YouTube
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