FOREX NEWS ALERT.
YOU HAVE TO BE COGNIZANT OF THE ECONOMIC DATA RELEASE ALL
THE TIME !!!
BUT, DONT TRY TO INTERPRET THE NEWS
Tuesday, September 16th, 2008 (2:15 p.m. EST) USA
At 2:15 p.m. we will have U.S. Interest Rate Statement. It is expected
it will comes out at 2.00% a lot of people expects them to cut the rates.
At 2:15 p.m. we will have U.S. Interest Rate Statement. It is expected
it will comes out at 2.00% a lot of people expects them to cut the rates.
If they leave the rates unchanged, sell EUR/USD.
If they cut the rates by 0.25, probably buying EUR/USD would be a good idea.
If they cut the rates by 0.50, buy EUR/USD and look for 110 to 160 pips move.
Important Notice.
When trading Forex it is important to know your risks. If you have only been trading for a short time it is highly recommended that you start with a demo account first. Forex trading is highly risky and normally it takes 3 – 5 years to become a successful forex trader. Only risk that which you can easily afford to lose. Forex trading is not a get rich quick scheme, but if managed carefully, it is an excellent investment.
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