Trading Forex Following Central Bank Decisions
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Trading Forex Following Central Bank Decisions

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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

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Language English
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/