Archive for December 20th, 2009

Forex Trading Opportunities: Economic Data That Affects The Dollar

If you are a fundamental trader in the forex market, meaning that you focus on economic data to place your trades instead of mathematical indicators, there are 30-50 major economic announcements every month where there is an opportunity to profit from either buying or selling the dollar against another currency. When you understand what some of the major economic reports are that can affect the value of the US dollar, then you can monitor the release of this report and decide if this news is bullish or bearish.

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