How does Forex Work: FOREX TRADING STRATEGIES of the Banks

How does forex work ? Both technicals and fundamentals are necessary to maximise consistent gains in trading in the long run. This is what many professionals do. The following were trades I made recently or are opportunities based on fundamentals and market sentiment.The blog on forex trading strategies will be published at least once a week. Fundamentals revealed through historical and real-time news are key and deserve more attention by traders despite the effort needed. This will pay off with a greater certitude in entering and exiting the markets when forex trading. I used to watch my trades continually with fear and trepidation. Now, I watch them knowing where and why they could move in a certain direction. It takes a while to learn the fundamentals and sentiment of currencies but it’s well worth it because it works.  How does forex work ?

  On Friday, July 28th, 2017 I entered a short on the USDCAD. Several reasons, the main reason being that there was a release of the Canadian GDP vs the weaker USD due to political upheaval and the market not believing the FED hiking again anytime soon. I traded again in two parts and this time I let the second half of the trade move farther for a larger profit. I was confident it would hit my target because both this recent news and longer-term news events were supporting teacher other.