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

EUR/USD recovered losses, all eyes on US Retail Sales

EUR/USD is recovering after the enormous slump on Monday. Follow US Retail Sales at 15:30 MT time!

Gold dropped, market awaits Fed meeting on Wednesday

Gold has plunged amid the stronger US dollar as investors await the Fed’s meeting this week.

Will the economic data drive the USD up?

The United States will release retail sales and producer inflation (PPI index) numbers at 15:30 MT time on June 15.

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