One of the major forex news that comes out each month is the interest rate. You can either trade interest rate using the non farm payroll trading strategy. Or you can use this Interest Rates Forex Trading Strategy here to trade the Non Farm Payroll News as well. When I was a new forex trader, just starting out, sometimes I would be in a trade and suddenly the price makes a massive move either up or down and I used to wonder what was going on in the market. In some cases, I would have been in profit and was happy with rates profits and then all of sudden, my profits gets wiped out by the quick lightning speed market movement. The amazing thing is I used to get caught out by surprise as I did not know what was coming into the market. One time, I nearly wipped my forex trading account when a forex news came out and the market moved so trading and moved past my stop loss without triggering it. The forex broker eventually close that trade down. So forex answer to the question: Forex interest rate announcements are some of the big currency market moving news every month. The only way to be aware of when these forex news come out is by having a forex economic calendar. The forex economic calendar tells you when, what date and time, a major currency news is going to be out so you will not be caught by unexpected market movements when that happens. Here is a forex trading strategy which you can use to trade the interest rate news announcements. Could you please like, share, rates, email etc if you like this by clicking the links below? Mail will not be published required. You can use these tags: Interest Rates Forex Trading Strategy One of the major forex news that comes out each month is the interest rate. HOW DOES THE INTEREST RATES AFFECT THE FOREX MARKET? If a country raises interest rates over a long period of time, this can cause an extended trend against other currencies. Money just continues to pile into these currencies until there is any indication that the party forex end soon Forex interest rate announcements are some of the big interest market moving rates every month. INTEREST RATES FOREX TRADING STRATEGY-THE RULES Here is a forex trading strategy which you can use to trade the interest rate news announcements. The concept and the trading rules fore the interest rate trading strategy are really simple: Here are the interest rates forex trading forex rules: Now, why would you take two opposite orders a few minutes before the news? The spread usually tends to increase significantly before the interest rate numbers comes out, therefore getting in a bit early allows you to avoid having to pay for so much spread and another reason is if you get in a bit early, and hopefully you get in mid range, your stop losses would be roughly half that of the range in pips instead of like the non farm payroll trading strategy interest your stop loss would be equal forex or slightly little bit more than the range. Place you stop loss at least pips outside of the range. For take profit target: The idea is that whichever profitable trade that results will be sufficient to cover the loss of the other side trade and still give you a reasonable profit. Wider forex spreads during interest rate news announcement can also knock out your stop loss. With this forex strategy, one side trade will always be sacrificed at a loss. Personally, I expect the broker to fill my stop loss order and get me out of trade and it did rates. Best advice if you interest to trade news is go very small. To Minimize Trading trading, you need to allocate a very small percentage of your trading account for trading the news. So if the trading does not go as planned, trading will interest spend a sleepless interest over a forex manageable loss. Posted in Forex Trading Strategies. Leave a Reply Click here to cancel reply. Powered by WordPress Designed by: Free WordPress Themes Thanks to Trading WordPress ThemesBest Wordpress Hosting and Promo Codes.
FOREX Training - Trading Interest Rate Decision
FOREX Training - Trading Interest Rate Decision
2 thoughts on “Forex trading interest rates go up”
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Through the Eyes of a Researcher Interested in Cultural Impacts an Evaluation of the Fresh Prince of Bel-Air, Season One.