Now compare two images one of US treasury governments yield curve and second of US Dollar index chart we will get correlation between yield curve fall and Dollar Index fall. Above is the chart of US Dollar index I have marked two dates of July 18 2017 and August 18 2017 and we can notice fall between these two dates.
As in day trading we can check daily yield curve whether it is falling or rising and we can use this additional knowledge with other technical and fundamental factors to support our decision.
In Forex market one cannot rely purely on technical indicators as Currency pairs are data dependent so I have started with learning all the fundamental factors which affect price movement. I have read the book Market Wizard and found many interesting things how these successful traders got successful. I also want to gather as much knowledge as possible to become successful at earliest. This is my first attempt and I believe there are many stairs yet to climb in the trading career and this is just the beginning.
So dear friends share your experience and knowledge in the comment below. I am hopeful that you all friends will support me and share your experience.
Thanking You all.
As in day trading we can check daily yield curve whether it is falling or rising and we can use this additional knowledge with other technical and fundamental factors to support our decision.
In Forex market one cannot rely purely on technical indicators as Currency pairs are data dependent so I have started with learning all the fundamental factors which affect price movement. I have read the book Market Wizard and found many interesting things how these successful traders got successful. I also want to gather as much knowledge as possible to become successful at earliest. This is my first attempt and I believe there are many stairs yet to climb in the trading career and this is just the beginning.
So dear friends share your experience and knowledge in the comment below. I am hopeful that you all friends will support me and share your experience.
Thanking You all.
