- When to buy or sell a Forex currency pair
- Is Non-Directional Bias Trading better?
- Unconventional Trading Strategies Open the Road to Success?
When to buy or sell a Forex currency pair
Each currency belongs to a country (or region). Therefore, forex fundamental analysis focuses on the overall state of the country’s economy and circumstances, such as productivity, employment, manufacturing, international trade, and interest rate.
Let us review one of the examples:
Taking the EUR/USD pair as an example, euro is the base currency hence the “basis” for the buy/sell.
If you believe that the U.S. economy will become weaker, which is bad for the U.S. dollar, you could place a buy EUR/USD order.
By doing so, you buy euro in the expectation that its value will rise as opposed to the U.S. dollar.
If you believe that the U.S. economy is strong and the euro will become weaker by contrast to the U.S. dollar, you could place a sell EUR/USD order.
By doing so, you sell euro in the expectation that its value will fall as opposed to the US dollar.
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Is Non-Directional Bias Trading better?
Traders are using this strategy to reduce their chances of losing.
They are relying on both bullish and bearish stop orders in place.
Having a non-directional bias is considered safer, but also less profitable comparing to a directional bias.
Unconventional Trading Strategies Open the Road to Success?
Market moves have nothing familiar to neither traders` personalities nor strategies.
Conventional or not, the idea of any trading strategy is to predict the possible outcome and adapt to market changes for the traders’ benefit.
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