Friday, January 18, 2008

My first Tips Forex

Yooo, all traders and investors, Good morning....

This is my first blog, all about Forex and Stocks at Bursa Efek Indonesia. Now I want to tell u a secret that I always use, to trade during important data release, like Non farm Payroll, FOMC and Trade balance US and Interest rate other Nation.

Most Trader and investor in Indonesia especially, choose not to enter market. WHY???? Coz for most of them during that time, the market it's very high risk. But for me, It's time to make money...... It's easier if you know the trick. Let me show u, how it's work...

In Indonesia mostly futures company trade 5 currencies, right? Most trader love GBP/USD and USD/JPY right..... :)

My secret is "I love to trade USD/CHF during Important data release" , OOOOOOOO. U understand now. USD/CHF is far from carry trade factor, more steady than the other.

Most trader don't see this USD/CHF currencies as ATM for them to collect profit every important data. But u have to know there always term and condition that we have to know first, and the term are:

  1. Don't enter market before data. Enter right soon after the release data. So u must monitor in front economic channel, like cnbc, bloomberg, reuters to know what's is coming.
  2. If the result is between previous data and estimated data , then don't enter. Eventhough the markets are moving.
  3. If the result more than expectation data or more than previous data, we can enter the market. You don't have to see the price is, the faster u click the best price u will get.

Please read and learn the text above, so We can have profit together :)

I'm also will give u my planning trading everyday. So make sure u visit my blog everyday....It's free recommendation...

1 comment:

hitesh said...

i am biggner for forex market.plz suggest which site is best for forex.and also know about daily strateges and tips.i have prectice account in "etoro"

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