Forex Robot Analysis
May 5th, 2010 by admin
A trader can also use options to trade the market when a significant short term move is predicted thanks to a press release. These come in a couple different varieties : an one-touch option has just one level that needs to be hit before it pays ; a double one-touch has two levels, either should be hit to win ; and a double no-touch where neither level can be hit before it’s profitable. Make sure you thoroughly understand the ins and outs of these before buying.
Spend a while with the sites forex Factory or Daily FX. Get a feel for which stories releases have what effect on the market. Because of the unexpected and serious moves that reports releases cause, trading the news can be very tricky business.
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