Traders Choice FX Metatrader Broker
Metatrader Forex Broker

Contact Us | Why TCFX | FAQs | Funding | Account Forms

Call Us: 781-342-0335

Demo Account

Trading Strategies

If you are looking for trading ideas or are simply looking to enhance your current strategy, then you have come to the right place.

Introduction

Forex Basics

Risk Management and Trading Psychology

Forex Basics

Taking a Fundamental Approach to Forex Trading

-

Trading the Euro with Germany ZEW Survey

-

Trading the Swiss Franc with the Swiss Trade Balance

-

Trading the US Dollar with the FOMC Minutes

-

Suggested Strategies to trade the US dollar with this economic release:

-

Trading the Yen with Japan Trade Balance

-

Trading the Aussie with Australia Trade Balance

-

Trading the Australian Dollar with THE RBA RATE DECISION

-

Suggested Strategies to trade the Australian dollar with this economic release:

-

Trading the Euro with Germany Trade Balance

-

Trading the Euro with the ECB Rate Decision

-

Suggested Strategies to trade the Euro with this economic release:

-

Trading the Euro with the ESI

-

Trading the Euro with the IFO Report

-

Trading the Greenback with the US Trade Balance

-

Trading the Kiwi with the New Zealand Trade Balance

-

Trading the New Zealand Dollar with the RBNZ Rate Decision

-

Trading the Sterling with the BOE Rate Decision

-

Suggested Strategies to trade the British Pound with this economic release:

-

Trading the Sterling with the UK Trade Balance

Forex Basics

Taking a Technical Approach to Forex Trading

-

Types of Charts

-

Chart Patterns

-

Triangles and Trend lines

-

Volume

-

Indicators

-

Optimize Your Forex Trading With Bollinger Bands

-

Optimize your Forex Trading With the Moving Average

-

Optimize Your Forex trading with the RSI

-

Optimize Your Trading With the MAC-D

Forex Basics

Grid Trading - Concepts, Mathematics, and Money Management

Forex Basics

Understanding Forex Correlation Concepts and Their Effect on Trading

Forex Basics

How You Can Benefit From an ECN Broker

-

Who uses an ECN Broker?

-

Ways to Use an ECN Broker to Benefit Your Trading

-

Overview of ECN Benefits

-

Alternative to the ECN

Taking a Fundamental Approach to Forex Trading

Trading the Sterling with the UK Trade Balance

UK trade balance is a key economic indicator published monthly in London by the ONS, The Office of National Statistics. Calculated in billions of pounds, this piece of data represents the difference between the net value of exports and imports in UK for a given month. The economic release measures the UK trade activity with the world in three main categories (Goods only, Services only, Goods and Services). One sector may suffer from a deficit as the value of imports exceeds the value of exports; while another sector may enjoy a surplus as the value of exports exceeds the value of imports.

UK MAIN EXPORTS COMMIDITES

UK MAIN EXPORTS PARNERS

Manufactured goods

US 13.9%

Fuels

Germany 10.9%

Chemicals

France 10.4%

Food

Ireland


UK MAIN IMPORTS COMMIDITES

UK MAIN IMPORTS PARTNERS

Manufactured goods

Germany 13.9%

Machinery

US 8.9%

Fuels

France 6.9%

Food stuff

Netherlands 6.6%


Impact on the Sterling
UK trade balance is a direct input for the balance of payment. As a result, this monthly economic figure plays a significant role in speculating the potential movement of the Sterling. Although not in big numbers, deficit has gained the upper hand in the UK for the last ten years. For that, currency traders should follow the monthly percent of change in the deficit. A "widening" deficit would cause a slide in the Sterling while a "shrinking" deficit would cause a pound rally.

Forex Strategy Section    Metatrader 4 Education
Forex trading involves significant risk of loss and is not suitable for all investors. While you can earn a cash bonus,
you can also lose money due to the inherent risk of trading. Read full disclosure.

The information contained in Facebook link: https://www.facebook.com/pages/Traders-Choice-FX/20302051398 is no longer current and should be disregarded.