PRN: Trading Forex Following Central Bank Decisions
Trading Forex Following Central Bank Decisions
SYDNEY, July 11, 2012 /PRNewswire/ --
The forex market is one of the most liquid and fast moving in the world, making it an attractive choice for active traders.
Short-term trading opportunities
Kara Ordway, FX Strategist at City Index Australia says, "Given the uncertainties in almost all parts of the globe, we are currently seeing lot of movements in the currency markets."
Trading around economic announcements
One of the most common strategies for forex traders is to trade around major news events and economic announcements. For example, the Reserve Bank of Australia (RBA) issues a decision on interest rate levels every first Tuesday of each month.
Trading Forex with City Index Australia
With City Index Australia, you could stay on top of major economic data and announcements that could be useful for your forex trading.
About City Index:
Today more and more individual traders are discovering the benefits of derivatives, and many of them are discovering them through a City Index trading platform.