If you are trading on Forex News, you got to be on the lookout for high impact Forex News related to Interest Rate and Inflation. Forex News in the pipeline are :
Minutes of Meeting of BOE and FOMC at 09:00 GMT and 19:00 GMT respectively.
Two other datas Forex News on CPI and Housing Starts at 13:30 GMT
Trading suggestion for GBPUSD is as follows:
LONG POSITION at: 1.5050
STOP LOSS at: 1.4960
TAKE PROFIT at: 1.5250
OP, TP & SL at your own RISKS
SHORT POSITION at: 1.4940
STOP LOSS at: 1.5010
TAKE PROFIT at: 1.4200
OP, TP & SL at your own RISKS
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Very informative!
Very Informative Post. Thanks for sharing.
Nice to note that its imformative.
A lot of important controlling factors are there in Forex trading. Any clever individual (and wise too), who seriously wishes to start off with trading this year, should keep these aspects in mind. Firstly, open a demo account and practice to trade with it before you even plan to go out for transaction with real money…for, you know, trading with money is open to bring about huge loss anytime. Maximum 1-6% of your total account balance should be put in any risk under all circumstances. It is true that many traders like a standard account, but you better start trading with a mini account…it is good to be at a safer side at beginning. And one more point…normally there are no commissions in currency trading. So it costs less than any other financial market.