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Another Great Scalping Day!

Today Chief Trader Armando Martinez talks about how fundamental news is effecting certain currencies. He expects interest rates to stay consistent and too keep an eye on the Canadian dollar and the Australian dollar for the first signs of rate hikes. Both of these currencies are considered commodity currencies. Oil is directly related to the USD/CAD, Gold is directly related to the AUD pairs.

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FxST Scalpers Daily Recap:

Highlights of Top 2 Learning Moments

  • Learning Moment # 1: Chief Trader Armando Martinez talks about how fundamental news is effecting certain currencies. He expects interest rates to stay consistent and too keep an eye on the Canadian dollar and the Australian dollar for the first signs of rate hikes. Both of these currencies are considered commodity currencies. Oil is directly related to the USD/CAD, Gold is directly related to the AUD pairs. Video Time line (0:00 -1:15)
  • Learning Moment # 2: Chief Trader Armando Martinez gives a brief tip on the USD/JPY here in the short term. You notice the big spike on the 5 minute chart, we expect that spike to be covered and fullfil the technical imbalance. Keep an eye out for these opportunities, for they can provide massive points! a Short position on EUR/USD – Using the Salivator Trade. The market was running very quickly – resulting in an 8 pip loss. It’s very important to always use stop losses and cut your losers quickly. Take note of what the USD/CHF was doing during this move so when next time comes around we can be more precise with our entry.Video Time line (1:16 -1:55)

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