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Trading Strategies

Forex Strategy Section

Forex Basics

Introduction

Forex Basics

Risk Management and Trading Psychology

Forex Basics

Taking a Fundamental Approach to Forex Trading

Forex Basics

Key Economic Release Reports Across Various Currency Pairs

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Trading the Euro with Germany ZEW Survey

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Trading the Swiss Franc with the Swiss Trade Balance

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Trading the US Dollar with the FOMC Minutes

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

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Trading the Yen with Japan Trade Balance

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Trading the Aussie with Australia Trade Balance

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Trading the Australian Dollar with THE RBA RATE DECISION

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

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Trading the Euro with Germany Trade Balance

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Trading the Euro with the ECB Rate Decision

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Suggested Strategies to trade the Euro with this economic release:

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Trading the Euro with the ESI

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Trading the Euro with the IFO Report

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Trading the Greenback with the US Trade Balance

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Trading the Kiwi with the New Zealand Trade Balance

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Trading the New Zealand Dollar with the RBNZ Rate Decision

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Trading the Sterling with the BOE Rate Decision

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

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Trading the Sterling with the UK Trade Balance

Forex Basics

Section 1 Taking a Technical Analysis Approach to Forex Trading

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Types of Charts

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Chart Patterns

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Triangles and Trend lines

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Volume

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Indicators

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Optimize Your Forex Trading With Bollinger Bands

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Optimize your Forex Trading With the Moving Average

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Optimize Your Forex trading with the RSI

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Optimize Your Trading With the MAC-D

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Grid Trading - Concepts, Mathematics, and Money Management

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Understanding Forex Correlation Concepts and Their Effect on Trading

Key Economic Release Reports Across Various Currency Pairs

Trading the Euro with the ECB Rate Decision

The European Central Bank (ECB) is the youngest bank in the developed world. In 2001, ECB took full control over currency and monetary policy from eleven European central banks. With Macedonia joining the Euro Zone in January 2007, the ECB becomes the central monetary authority for thirteen member states. In order to keep inflation at targeted levels, ECB Governing Council meets twice each month in the Euro Tower in Frankfurt, Germany. The purpose is to set the future course of overnight interest rate in the Euro Zone. Thus, the rate decision is announced at a press conference held shortly after the first meeting each month.

ECB Governing Council Structure: Comprises of two main bodies

1)

The Executive Board : Appointed by the heads of the states of the Euro Zone countries and consists of:
The President
The vice president
Four other members

2)

The governors of the national banks of the thirteen Euro area countries


Whether the ECB tends to increase, decrease, or maintain interest rate, the decision always has a direct impact on the Euro this is why...

By increasing interest rate, the ECB is literally selling Euro government securities to major financial dealers who in turn would pay by transferring money to the ECB account. This would decrease the supply of the Euro in the banking system and hence appreciate its value.

By cutting interest rate, the ECB is literally buying Euro government securities from major financial dealers who in turn would get paid by transferring money into their accounts from the ECB. This would boost up the supply of the Euro in the banking system and hence depreciate its value.


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.

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