Q: What will we get by observing the phase of the cycle?
A: That way, we can easily understand the overall economic cycle, because the concept is all the same. When the economic cycle is bust, a country's currency will appreciate. Conversely, if it is booming, a country's currency will depreciate. This is because the boom is financed by loans, and most loans will use foreign exchange reserves. Indeed this is how global financial structure is.
تداول في الفوركس
Q: So, is it true if I say that I can achieve forex profit trading just by identifying the boom-bust cycle correctly?
A: Right. This boom-bust cycle is indeed very powerful. High-impact events will spearhead the currency market.
افضل شركات forex
Q: After understanding the boom-bust phase, how do you get forex profit trading from a news release?
A: Well, if this is the case, pay attention to the data presented. Use that data to create a "big picture" about what phase is happening. The big picture here means the economic attractiveness of a country for investors to invest.
That picture can help us to understand what is happening in the economy. The economic attractiveness of a country towards global capital is the main key to knowing the value of a currency against other currencies. By understanding the big picture, we can identify who gets the most profits. Then, place our trading in line with who is driving the trend. From here, we can profit, right?
Discuss anything about LoE here.
1 post • Page 1 of 1