Professionals trade Forex, only when there are expectations of interest rates changes in the future or some fundamental drivers of currency prices.Only trade during the day, in direction of weekly and monthly trends .
99 % of day traders are expected to lose. Do some google searches on day trading success rate. If you put in little time, practice or capital into day trading, your success rate is close to 1%. In other words ,day trading requires more skills than swing and longer horizon trading , skills humans are not born with .We are born with skills that are not compatible with day trading , we are born emotional creatures and day trading will arouse all these psychological demons to destroy day trading mindsets http://besttradingforums.blogspot.com/2017/11/99-of-day-traders-are-expected-to-lose.html
Enter trade during the day when you get a HIGH PROBABILITY set up , then close on friday or until profit target is met.
Swing Trading is a short-term trading method that can be used when trading stocks and options. Whereas DayTrading positions last less than one day, Swing Tradingpositions typically last two to six days, but may last as long as two weeks.
Trade interest rates expectations
Fundamental interest rates expectations announcements can invalidate ranging market filters , and make trades high probability in a ranging market .
Future interest rate expectations take precedence over the headline rate
If a country has a high interest rate, but no further increases are expected, the currency can still fall.
If a country has a low interest rate but is expected to raise interest rates over time, its currency can still rise
While it is easy for Forex traders to understand the logic of why investors move money from lower yielding currencies and assets to higher yielding assets and currencies. They may also believe that the simple mechanism of supply and demand is responsible for currency movement. However, this is only part of the story. The expectation of future interest rate increases or rate cuts is even more important than just the actual rates themselves.
Mate, I watched this video before & I see, there have so many useful YouTube channels on Forex trading; and really it’s a very much good news to the new traders who really want to learn Forex.
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.