FOREX Trading Strategies
It is important to take note of the times that Fundamental Announcements will be made known on any day you plan to trade. They can create quick moves in the market, and if you are not prepared for these moves, you can be caught off-guard and lose some pips due to it.
Make it a part of your daily trading routine to visit a website where the list of fundamental announcements for the day is available. Make a note of the times of fundamental announcements on the currencies you plan to trade. This way you will be prepared for sudden market movements at the time of the announcements.
We teach our students:
Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
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