Forex Trading Mind

Yesterday’s FOMC Meeting Minutes took a dovish tone, sending the U.S Dollar almost universally lower over recent hours in open trading markets.

Have a look at the monthly chart below showing the U.S. Dollar against the Turkish Lira. You could use any currency as the counterpart to the Lira, you would see the same thing

There has been a lot of speculation over recent hours on the issue of whether the U.K. will remain in the European Union’s Customs Union even after Brexit,

At the start of this week I identified an opportunity to go long against the Swedish Krona, using four potential currencies as long counterparts.

About three weeks ago I identified a trading opportunity in the GBP/SEK currency cross which played out to end as a profitable trade.

At 7pm London time tonight, President Trump will announce his decision regarding the 2015 “Iran Deal”: whether to formally withdraw from the agreement, and whether to reimpose U.S. economic sanctions against Iran.

Last Sunday, I wrote about how the GBP/SEK currency cross was likely to rise over the coming week.

A few days ago, I wrote about how although trading with the trend using simple price period look-backs is a simple and effective trading edge, the challenge remains as to how to pick the look back period.