FOMC - Free Tips Guide and Updates - Release of FOMC Today 19-March-2014

Latest updates:

The U.S. central bank was widely expected to continue to roll back its bond purchasing program by $10 billion at the conclusion of its monthly meeting later Wednesday, the first with Janet Yellen at the helm.

Free Forex Tips and Ideas related to Today's FOMC:

TIP # 1:
Close your all lots before the release of the FOMC and wait for its release.

TIP # 2:
Once FOMC has started, try to get some points where you can place orders in same direction as effects of FOMC and get closed your orders quickly.

TIP # 3:
This tip is very important and is for professional traders;
After four hours of release of FOMC, place orders in opposite directions of the market's current movement.
 


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Risk Disclaimer

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Sell Stop & Buy Stop Forex Strategy

Hi Dears,
I am going to tell you a new Sell Stop & Buy Stop Forex Strategy, in GBPUSD Pair:


Kindly follow the given below step by step information;

Currency Pair: GBPUSD
Time Frame: Any (H1 is better)

Trading Rules:

1- Open your chart on 02:00 PM.

2- Find the Maximum Price and Minimum Price between 3:00 AM to 08:00 02:00 PM.

3- You have 2 numbers. Maximum Price and Minimum Price. Now should open 2 pending orders:

Buy Stop:
At: (Maximum Price + 2 pips)
T/P: [Maximum Price + (Maximum Price - Minimum Price)]
S/L: (Minimum Price - 2 pips)
Expiratory: Next trading day at 02:00 PM.

Sell Stop:
At (Minimum Price - 2 pips)
T/P [Minimum Price - (Maximum Price - Minimum Price)]
S/L (Maximum Price + 2 pips)
Expiration: Next trading day at 02:00 PM.

4- Now you can even turn off your computer and sleep. If any of above pending orders activated, let it touch T/P or S/L

itself. It may take some hours or even some days. Please never close it manually.

Inactive pending orders will expire next trading day at 02:00 PM. At this time you should go to the first stage and repeat

this cycle for the next day.

*The given time is Pakistan's standard time, please do this strategy according to your local time...Thanks!!!!!

Who Can Trade by a Scalping Strategy?

The term scalping elicits different preconceived connotations to different traders. Despite what you may already think, scalping can be a viable short term trading methodology for anyone. So today we will look at what exactly is scalping, and who can be successful with a scalping based strategy.

Who can Scalp?

So this brings us to the final question. Who can be a scalper? The answer is anyone with the dedication to develop a trading strategy and the time to implement that strategy on any given trading day.

Even still, the Trader's decision making ability is going to play a major role in successful scalping.

Successful scalping takes a significant amount of focus and attention. Short-term trades are great because you minimize your exposure in the market. Gains and losses are all relatively small. The scalper must be able to find the situations that will provide the greatest chance for a profitable trade. A person can sit down for fifteen minutes or an hour to look for opportunities. During that time period, their attention is going to have to be on the market lest something materializes and is gone before they know it.