BEARFX

Central Bank Rates are set by the central bank of a country. The Federal Reserve Bank is the central bank in the US while the European Central Bank has that responsiblity for the Euro Zone. These rates are set by the central banks as a target for banks to charge each other for overnight loans. So why are they important to FX traders? Central banks will raise these rates as the economy in their country starts to pick up to make sure they can stay a step ahead of any threat of inflation. So higher rates are a way of determining the strength of an economy. Higher rates can mean a stronger economy while lower rates can mean a weaker economy. A strong economy attracts investors from all over the world as stock markets tend to rise when the economy is strong, but before investing, the investor must exchange currencies. If they intend on investing in the US, they must first sell their currency and buy USD. That alone would strengthen the USD, but there is more. Higher interest rates also attracts fixed income investors. These are investors that would rather buy bonds that may be guaranteed by the government than invest in a stock market that they may find too risky. So higher interest rates attracts many different investors from all over the world, but they would all have to first buy the currency of the country they are investing in and that drives up the value of that currency. So the thought process is that higher interest rates usually leads to a higher currency value while lower interest rates usually leads to a lower currency value. DailyFX offers an easy way to compare the interest rates of the major currencies we trade here at FXCM. Here is the current table that you can find on the first page of DailyFX.

There are so many books about forex, most of them are telling about technical knowledge. This is a mistakes for a trader who deffinately rely on technical and fundamental strategy in forex.

1. Choose your Broker
For low risk trading, use demo account+micro(min 1pip=10cent,up to 1 pip=$10).
Practise using demo for min 6 months before u can start a real acc.
List Of Micro Account Broker :
1.http://www.fxcmmicrolot.com/ + low spread
2.http://www.alpari.co.uk/ + metatrader 4
3.http://www.fxsolutions.com/


2. Register for Practice/Demo Account

3. Start trading your plan (Find profitable Techniques)


My Profitable & Easy Techniques :-
1.Expert-2--News
2.Expert-3--Maximizer
3.Expert-6--Retracement

My all time Favourites pairs :
1. EUR/USD
2. GBP USD
3. USD/JPY

Morning Doji Star -> Bullish
A doji star in a downtrend followed by a long, white real body that closes well into the prior black real body. If the candlestick after the doji star is black and gapped lower, the bullishness of the doji is invalidated.

GBP/USD M15 10:46PM (KL.TIME)

Evening Doji Star -> Bearish

A bearish top reversal pattern and counterpart to the Morning Star. Three candlesticks compose the evening star, the first being long and white. The second forms a star, followed by the third, which has a black real body that moves sharply into the first white candlestick.