Many traders have tried to replicate their methods and Ive seen numerous books on how to beat the bankers. But the point is you dont want to be beating them but joining them. That way you will be trading with the market not against it. So to conclude let me say this: There are no miraculous secrets to trading forex. There are no special indicators or robots that can mimic the dynamic forex market.
Adding to the pressure on the safe-haven yen were expectations for a fairly nerveless year-end compared with the last few years, when markets were rattled by the euro zone’s debt crisis and the U.S. fiscal cliff, said Satoshi Okagawa, senior global markets analyst for Sumitomo Mitsui Banking Corporation in Singapore. “There is very little of the type of year-end fear that had been present the last few years, with regard to Japan, the United States and Europe,” Okagawa said. Investors often flock to liquid currencies such as the yen in times of market stress and the low-yielding Japanese currency can also gain on position squaring if investors unwind yen bearish bets during bouts of risk aversion.
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Of course, expectations and times of major news prints can be found on the DailyFX Economic Calendar: DailyFX Economic Calendar Once the news prints, keep a keen eye on the price action immediately afterward. I often keep an eye for a quick counter trend move that moves to a near level of support or resistance that quickly begins to fade. This tells me that the hot hands that jumped in on the print dont have enough conviction to hold the move. From there, you can look to enter of a clear resumption of the trend and you can set a stop off http://www.etftradingsignals.com/ the news extreme and look to set a target within the trend. Happy Trading! —Written by Tyler Yell, Trading Instructor To contact Tyler, email firstname.lastname@example.org To be added to Tylers e-mail distribution list, please click here .