It is easy to see profits coming but it is not easy to do the same with losses. In the meantime, it is essential to “plan for losses” to minimize them and eventually tilt the table in favor of your profits. That is called risk management: what cannot be avoided needs to be managed well.
Webinar "How to understand policy of central banks"
Information is not investment advice
Forex traders often hear about central bank meetings which provoke rapid currency moves, but don’t know how to predict the outcomes of these events.
Elizabeth Belugina, the Head of Analytical Department at FBS, explains:
- How a central bank works: its structure, monetary policy.
- How central banks influence Forex market.
- What is the current policy of major central banks.
- How to trade on central bank meetings.
Trading divergences is not as complicated as it seems
Is position trading more or less profitable than scalping? How does it compare to other trading strategies? Are there various approaches within position trading? These are the questions which we will answer in this webinar.
Watch the video to discover the economic drivers and the technical levels for the key currency pairs!
The GBP struggles as Great Britain imposes fresh lockdown measures in order to prevent the spreading of Covid-19.
All the issues point that today the risk-off sentiment will prevail on the market. However, it may change after Powell's speech. Jump in to get fresh trading ideas on gold, EUR/USD, S&P 500 and AUD/USD!