Monday, December 11, 2006
Forex Day Trading System - Tomorrow's FOMC Announcement
Forex Day Trading System - FOMC Fundamental Announcement due tomorrow
It was said that market had comparitively thin volatility today since FOMC fundamental announcement is due tomorrow. FOMC is Federal Open Market Committee and they take important decisions on Federal policy such as interest rate hike etc..
So, any forex day trader trying to trade today would have made very little profit..generally when the voltility is low, market generally trades in a range and doesn't trends..The safest forex day trading system in this case is to buy at support and sell at resistance or vice-versa
So, during this time, don't read too much in the EMA (Exponential Moving Average) crossovers,
or MACD divergance or other technical indicators..Also, the candlesticks will be small in size. A typical candlestick in low volatility will be of 10-15 pips.
Thats all in today's session..Visit again to learn more on forex trading online
It was said that market had comparitively thin volatility today since FOMC fundamental announcement is due tomorrow. FOMC is Federal Open Market Committee and they take important decisions on Federal policy such as interest rate hike etc..
So, any forex day trader trying to trade today would have made very little profit..generally when the voltility is low, market generally trades in a range and doesn't trends..The safest forex day trading system in this case is to buy at support and sell at resistance or vice-versa
So, during this time, don't read too much in the EMA (Exponential Moving Average) crossovers,
or MACD divergance or other technical indicators..Also, the candlesticks will be small in size. A typical candlestick in low volatility will be of 10-15 pips.
Thats all in today's session..Visit again to learn more on forex trading online
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Hi,
You might be interesting in the results of using different trading strategies. We`ve organized Automated Trading Championship 2006 (http://championship.mql4.com). 258 developers took part in it. Now you can see the results of their trading. Also in News section a lot of interesting information (incl. interviews, statistics, etc.)
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You might be interesting in the results of using different trading strategies. We`ve organized Automated Trading Championship 2006 (http://championship.mql4.com). 258 developers took part in it. Now you can see the results of their trading. Also in News section a lot of interesting information (incl. interviews, statistics, etc.)
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