Category: Strategies

Strategies section covers a lot of data on the latest trading strategies on Forex. Here you will find strategy descriptions and possible scenarios to open/close positions.

Trading the News: How to Make Money on GDP?

How do you use the GDP data in trading? In the classical variant, the GDP data significantly higher than forecast promises growth of the national currency, so buys are in priority. Conversely, the GDP data weaker than expected entails a decline in the national currency rate, so sells are recommended. Also, you should evaluate the technical picture and prepare a trading plan.