How Do You Learn Foreign Currency Trading?
Learning to trade foreign currency means reading and understanding how the net money flows of trade and public policy decisions affect the world’s evaluation of their respective currencies. Foreign currency moves tend to be long-term trends. The long-term history of savings and spending define the long-term effects. Short-term effects are based upon the relative value of interest rates. Become thoroughly versed in world economic issues that pertain to a country’s budget, balance of payment, balance of trade and level of interest rates. Understand how to use labor statistics to predict the general trend in interest rates. Know that short and intermediate rates portend changes in economic policy and the relative attraction of short term money flows to countries with high real interest rates. Study how to use technical analysis to aid in finding entry and exit points to start a trade. Use moving averages to find long term trends. Use dual moving averages and trade when the shorter moving
