I trade intraday but I don't day trade or scalp , I don't trade forex much because it is choppy . I aim for big reward when I get it. If I had taken 10 points for scalping , I would not make 200 points , like I did in this trade.
For trading intraday forex ,trade with interest rates expectations
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.
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