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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 Sterling with the BOE Rate Decision

The Bank of England (BOE), Know also as The Old Lady of Threadneedle Street, is the central bank of the UK. Although BOE was founded in 1694; it was not until 1997 when the bank gained its complete independence from the government. Since then, BOE has full control over the direction of the UK monetary policy. Thus, in order to keep inflation at its targeted levels (2%), the Bank's Monetary Policy Committee (MPC) meets for a two days affair every month. The purpose is to set the future course of the overnight interest rate.

MPC Structure:
The Governor
The Deputy Governor
Bank's Chief Economist
Executive Director of the Markets
4 external members appointed by the Chancellor of Exchequer

Whether the BOE tends to increase, decrease, or maintain interest rate, the decision always has a direct impact on the British Pound and this is why...

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

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


Forex Strategy Section    Metatrader 4 Education
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