If you look at any Forex chart, you’ll see trends. If you use
technical analysis as a cornerstone of your Forex trading strategy,
you’ll be able to spot these trends and trade them for big profits.

There
are however many misconceptions about using Forex charts, so here we’ll
explain how it works and provide some tips on using technical analysis
for bigger FX profits.

What is Technical Analysis? Continue Reading »
Forex Charts - Technical Analysis for Bigger FX Profits

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Today saw the release of the ‘minutes’ from last month’s meeting of the UK Central Reserve Bank, revealing that members of the Bank’s monetary policy committee voted 7-2 to hold rates at their current levels. That there were two dissenting votes is confirmation to some economists that the Bank is planning to hike rates again in the near-term, perhaps as soon as March. British short-term interest rates, at 5.25% are already on par with American rates, and another rate hike would further lessen the appeal of risk-averse investment in America. Investors will be eying inflation data closely over the coming weeks, which could provide the impetus for a rate hike at the next meeting.

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