Welcome to another episode of the 10,000 Trades Show!
Today, I am showing you a momentum trade strategy. This is a great short term trade and I will show you how to identify it, where to enter the trade, where to place your stop loss and where to exit the trade with a profit.
Over the years, I’ve noticed that most of the retail traders do not have a good grasp of how the fundamentals impact the currency prices. Because of that, many retail times get caught on the wrong side of the trades. I’ve done that myself. Back in the day, I kept buying US dollars when Fed was announcing their QEI and QEII programs which any bank trader would know would be negative for the currency. It was only after losing a substantial sum of money that I became serious about understanding the fundamentals and their impact on prices.
To bridge that gap, I’m launching a new course called “De-Mystifying Forex Fundamentals”.
To Reserve Your Spot, please visit: http://tradingwithvenus.com/fundamentals
In the course, we’ll cover:
* How to gauge Market Sentiment
* Understanding the News Reports – CPI, GDP, Interest rates etc.
* How to use Leading Indicators
* Inter-market Correlations
* Currency Co-relations
* Using Equities to trade Forex
* Using Options data to trade Forex
* Using US dollar Index
* Country profiles and what impacts their currencies
* Carry Trades
The course starts April 1st 2017 and will be delivered as a series of 8 weekly webinars. This way there will be a plenty of time to interact with me and get your questions answered. For more information, please visit: http://tradingwithvenus.com/fundamentals