trade!

buy usd cad 

my current trade

we  are trading the usd fmoc meeting news release now
please this trade is going to  have impact on the US dollar and the strength of the usd on the meter matters when fresh news is realeased, so wait and check the trend on your meter.
 after the news release.

details of our next trade

7:00pm	USD		FOMC Meeting Minutes
© Forex FactorySpecs Source Federal Reserve (latest release) Usual Effect More hawkish than expected = Good for currency; Frequency Scheduled 8 times per year, 3 weeks after the Federal Funds Rate is announced; Next Release Aug 21, 2012 Why Traders Care It's a detailed record of the FOMC's most recent meeting, providing in-depth insights into the economic and financial conditions that influenced their vote on where to set interest rates; Acro Expand Federal Open Market Committee (FOMC);

Welcome to my blog.

Most of you here are from Nairaland and must have know me there, this is my trading room and i want you guys to be part of my trading success.
I was a technical Trader i loved my xenafx, but when i discovered a strategy that breaks the red and green lines in xena fx, and hold me to ransome for some days before puttin me back in profit, i set out to learn and i discovered that, news trading is the most important part of a forex trader, i have met some one who trades only 2 news a month and makes about 300 pips from them and does not trade again that month, so you should know that while a technical trader is staring at charts you are waiting for when to enter and leave with your profit.
News drives the forex market, the ups and downs are generated as a result of news, so you have to master how it works, i did this blog so that i can simplify this news of a thing, show you upcoing news, tell you how to interprete the news for your profits and tell you when i have entered a trade and you join me, when i close the profits you will also be part of it.
 first of all be for you become a good follower of this blog i will like you to download a tool you will using . it is called currency strength meter and we will be using it to know where the market is heading after a particular news release.

STEP 1 = sign up at http://www.forexfactory.com
 this website will show the latest news that is coming up, the time it is coming up, and the impact of that news on the specific currency, best of all it explains the what to do but , the reason for this blog is turn your loosing threads to winning trades. sign up set the time to our Nigerian Time GMT +1, so that your calendar will be working well.

STEP 2 = download currency strength meter

 Currency strength meter is what World reknown forex trader henry Liu is using to raise 10k to 1 million dollar in 1 year, it is part of his tools, it tells you how strong a currency gets at the release of a news, from time to time i will be showing you how to use it.
click here to download Currency strength meter

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