Don’t waste your time – keep track of how NFP affects the US dollar!

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Trend trading

Information is not investment advice

It is another style of trading that suits those who are looking to take advantage of trending prices that according to them might persist for a lengthy period of time. Such traders will probably try to identify profound vulnerabilities, exposures to external and internal risks of the currency they trade before making the decision to enter the market.

Trading the trend can be really effective. You may collect profits for a long period of time until the trend starts to reverse. But there is a problem with identification of the trend reversal time. You should be really attentive to any fundamentals that might distort your winning bet.

Example of a trader

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George Soros, one of the most successful investors in the world, the man who broke the Bank of England, is probably the major trend following trader of our times. In part, due to his trend following strategies, exceptional gut feeling and foresight of “trend-reversal” events he managed to become one of the 30 richest people in the world.

Latest news

What will move the markets on September 20-24

Quadruple witching is gone and now there are no reasons for the market to hinder. From banks statements and economic data to gas storage reading and Fed’s Powell speech – get ready for active trading.

Strong US Retail Sales Pressed Gold

The US showed strong retail sales for August despite the spread of the Delta virus strain. As a result, the US dollar rocketed and gold dropped by 2286 points in half an hour after the release.

Apple event surprised traders

Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.

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