That is another surefire advantage from trading Forex. A lot broker nowadays introducing mini account, which means you can start trading Forex from as little as $300 and watch your cash quickly grow so you can afford to trade on regular account.
The difference between mini account and regular account only in the value per pips. Put is simply, if in regular account you get 100 point profits that is same with $1000 in dollar amount, on the other hand in mini account if you get 100 point profits that is same with $100 in dollar amount.
The Easiest Way to Trade Forex that You Can Use In The End of This Day
This technique can make you 50 to 100 Pips easily in a matter of minutes. Over and over again, genius traders with small capital have been silently and consistently applying this technique to grow their account size quickly.
What is this technique? Trading on news. It is well known fact that currency market to a large extent is driven by fundamental factor especially interest rates.
Trading one news involving two steps:
1. Determining the proportion of news being released.
Whether it has large effect over market or little one?
2. Watch the news released and watch whether the news released being inline with market expectation.
Here are some US news that have large effect over market especially market involving US based currency such as EUR/USD:
- Employment Growth
- Interest Rate Decisions
- Trade Balance
- Gross Domestic Product
- Retail Sales
- Durable Goods
- Inflation Reports
- Foreign Purchase Report
The list is not limited with US market report only. With so many countries to choose from you can easily find 5 to 10 trades opportunities per day.
For example:
You have checked early this week that Interest Rate Decisions will be released on Wednesday 11 PM. After reading from financial news website you determined that the market is in bad condition more specifically inflation worries.
You were sure that the actual expectation will be less than the market expectation. You set up trade 5 minutes before the news released. And after the news released actual expectation was less than market expectation. The market moved 45 Points. And you already made $450 in just a matter of minute.
