Trading Forex Following Central Bank Decisions

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• Publié par: city-index-australia
• Nombre de lectures: 37
• Langue: English

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Trading Forex Following Central Bank

Decisions

PR Newswire

SYDNEY, July 11, 2012

SYDNEY

,

July 11, 2012

/PRNewswire/ --

The forex market is one of the most liquid and fast moving in the world, making

it an attractive choice for active traders.

Short-term trading opportunities

Kara Ordway, FX Strategist at City Index Australia says, "Given the uncertainties

in almost all parts of the globe, we are currently seeing lot of movements in the

currency markets."

She says the ongoing market volatility creates opportunities particularly for

those wanting to take short-term trades.

Trading around economic announcements

One of the most common strategies for forex traders is to trade around major

news events and economic announcements. For example, the Reserve Bank of

Australia

(RBA) issues a decision on interest rate levels every first Tuesday of

each month.

Many forex traders take advantage of this announcement by going either long

or short the Aussie dollar. This could be a profitable short-term trading strategy

if you make the right call on the decision.

The non-farm payroll number in the US is another major economic data being

monitored by FX traders as it could have an immediate impact on the direction

of currencies.

Trading Forex with City Index Australia

With City Index Australia

,

you could stay on top of major economic data and

announcements that could be useful for your forex trading.

The online trading platform features an economic calendar that outlines major

dates and events that could move markets.

Both institutional and private retail traders keep an eye on these major dates

and announcements for short-term trading opportunities.

Whether you want to capture some short-term trades or to learn more how to

trade around major economic data, using the City Index trading platform could

be a good starting point.

However, bear in mind that FX trading is leveraged trading and could magnify

your wins and your losses.

About City Index:

Today more and more individual traders are discovering the benefits of

derivatives, and many of them are discovering them through a City Index

trading platform.

City Index is a leading global provider of margined foreign exchange and CFD

trading. As a group, we transact in excess of 1.5 million trades every month for

individuals in over 50 countries worldwide. To learn more visit:

http://www.cityindex.com.au/