It’s no secret that the pound is still volatile. It’s performing better than it was in the last few days, but the uncertainty hanging over it in regards to the Conservatives/Democratic Unionists agreement and the upcoming Brexit negotiations is cause for alarm.
So, what else is there to keep an eye on?
The helping hand of Forex calendars
One of the things that traders learn quickly is markets react more predictably to regular reports than to shock news releases. An example of this is the upcoming US Federal Reserve Committee’s decision. They’re expected to boost the interest rate to 1.25%, which is of high importance to the market.
One of the reasons our traders have been saying to stay away from the pound at the moment is because it’s hard to know what the upcoming announcements will do to it. They’re harder to predict.
What economic calendars can teach you
An economic calendar can give you a head start when it comes to making a profitable trade. They’re easy to plot out and rarely come as a surprise, but will still have an impact on currencies, whether it’s good or bad.
Placing a winning Forex trade
What sets trading Forex apart is the fact that you can make a profit when the market is going up or down. The release of lower than expected consumer data may see a currency drop, but if you short on that currency, then you’re still a winner.
How Learn to Trade has you covered
Learn to Trade developed software that’s designed to make Forex trading accessible to everyone. By integrating Forex calendars into SmartCharts, you’ll know which currencies are likely to move and when.
SmartCharts not only keeps you up to date with the latest market movements, but it safeguards your money. By using a built-in stop loss, you’re never risking more than 2 per cent of your trading account.
There’s never been a better time
With the technology at hand and the support of the Learn to Trade team, there’s never been a better time to become a trader.
Whether you want to trade on the side to supplement your income, or are hoping to trade Forex full-time, now’s the time.
You can find out more at one of our free Forex workshops, held across the UK.