Forex Fundamentals Turning Point

Forex Fundamentals Turning Point – Forex Trading Strategy Q&A

Hi everyone, I am in the offices here at SMILe and I just though I will make a quick video answering few of your questions. The question we will look at today is how do you recognize the Forex fundamentals turning point? A lot of people are aware that I trade the Forex fundamentals. We are always talking about how important the central banks are and what those fundamental things of each currency are. Simply because that is going to give you the long-term trend and it is very important to try and trade with that long-term trend. For example, in 2015 US Dollar is considered largely a bullish currency because the Federal Reserve is going to be one of the first banks to hike their rate. So the trend for the USD is up. However very often we get some bad news reports or comments that drag the dollar down and start short term dollar sell off. So the question is how do you know when the dollar sell off is just temporary and the fundamental trends are still intact or that the fundamental trends actually changing and you should now be selling US dollars in line with the bigger picture? In short, how do you know when it is just a temporary pullback or whether it’s something to be more concerned about?

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