Chapter 9 – Money Management

Trading the news requires a sound money management plan and a low risk to reward ratio. This Money Management Plan will not only benefit your news trading, but by applying it to all your trading decisions, you will see a significant increase in both profit and consistency. The first rule in money management is to […]

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BOC Interest Rate Decision 07/21/09

9:00am(NY Time) CAD BOC Interest Rate Forecast 0.25% Previous 0.25% Definition BOC (Bank of Canada) council members meet 8 times a year and discuss where to set their current Interest rate. Since interest rate is directly related to inflation, it is arguably THE MOST HIGH IMPACT news for currency traders who trade the CAD crosses […]

RBA Monetary Policy Statement 08/06/09

9:30pm (NY Time) AU Monetary Policy Statement ACTION:    AUD/USD      BUY (Bullish)     SELL (Bearish) RBA issues a statement on its Monetary Policy about 4 times a year.  As statement on RBA’s website “… These Statements assess current economic conditions and the prospects for inflation and output growth. These Statements have replaced the Semi-Annual Statements on Monetary […]

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