The U.S. Federal Reserve ended its the zero-rate interest policy (ZIRP) in 2015 and had only one more interest rate hike in 2016. During the whole year of 2016, we had various comments from the Fed about 2 to 3 rate hikes but neither of them happened. However, for the last six months, the data coming out of the US economic reports has been above par.
It will be a fundamental event watched closely by all traders. Interest Rate higher than the expected rate would be considered Bullish for the US Dollar whereas lower than the expected rate would be Bearish for the USD.
Platinum Analysts believe that the event will pretty much initiate the Dollar Bull Run as anticipated.
How to trade the U.S. Reserve Federal Interest Rate Decision
While we are awaiting this event, many traders are getting stuck in choppy markets. For those who are new to trading, it is a directionless market. If you are taking positions in the markets without a proper trading plan then expect to rely upon the concept of ‘Luck Momentum’. This is when you have the ‘I think’ syndrome. If you are trading in this manner, I would strongly advise to stop and learn how to trade using proper planning and strategy.
Map your charts to perfection and ensure that you wait for your entries.
At Platinum, we call it the “TRAP RANGE TRADING“.
Every chart should have the following mapped:
- Trend lines
- Support and Resistance
- Chart Patterns
- Supply and Demand Levels
- Fibonacci Levels
If this is new or confusing to you, please do not hesitate to get in touch with one of our professional traders/mentors and we can guide you on how to trade this event with finesse.
Plan Your Trades and Trade Your Plan
Markets go up and markets go down! When you know how to trade them, it makes no difference whether we’re in an economic boom or economic catastrophe.
Always study the fundamentals first for any currency and then move on the technicals to give yourself a true edge to trading currencies with precision.
For example, below charts that show how you can easily trade in choppy markets and gain PIPs. These trade opportunities along with detailed technical analysis were provided to our clients during the daily Platinum Trading Television Webinars and in the Important Trading Zones section on the Platinum Live Trading Floor.
Perfect Fundamentals + Perfect Technical Analysis + Perfect Logic + Perfect Risk Management = A Perfect Trade
At Platinum, we teach all individuals from different walks of life to become a full-time trader or create a secondary revenue stream by trading part-time.
The secret weapon of a successful trader is an educated, disciplined and emotionless mindset which is crucial to long-term profitability and consistency.
We arm our clients with:
- Knowledge and understanding of various asset classes.
- The Institutional approach and key Trading Strategies.
- State of the art Trading Platform.
- Fundamental news events and understanding of how fundamentals affect markets, what makes markets move, important releases, and central bank monetary policies.
- Daily and Weekly trading round-ups.
- Key bank trading levels.
- Live Trading Bulletins and Webinars.
- Technical analysis techniques to determine market moves before they happen.
- Guidance and tools to master emotions.
- Money Management & Risk Management techniques.
Subscribe to Platinum’s Forex Newsletter to get detailed information on:
- Trading the European Elections.
- How to Trade the Gold Run.
- Trading the Canadian Recession and a 3000 PIP move.
- 1000+ PIPs move on the USD/JPY.
- 500 PIP move on the Euro parity hit.
Meanwhile, please download a free ebook and read about how to trade different currencies through different months of the year as well as the various trade patterns.
Have a beautiful day and an even wonderful week!
Live from the Platinum Trading Floor.
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The information you’ll find in this article is for educational purpose only. We make no promise or guarantee of income or earnings. You have to do some work, use your best judgement and perform due diligence before using the information in this article. Your success is still up to you. Nothing in this article is intended to be professional, legal, financial and/or accounting advice. Always seek competent advice from professionals in these matters. If you break the city or other local laws, we will not be held liable for any damages you incur.