Trading U.S. Dollar / Euro  (English, Digital, Lien Kathy)

Run Time: 66 minutes. The U.S. dollar/Euro isthe most widely traded currency pair in the world, with billions ofdollars traded every day. In this special educationalworkshop, currency expert Kathy Lien provides a variety of valuableinsights and strategies to help traders to profit in this importantmarket. Lien notes that, unlike stocks, currencies do nottrade around a valuation metric. Moreover, as trading movesfrom Asia, to Europe, to the U.S. through a trading day, short-termtrends tend to get magnified because traders have to adjustpositions in response to what happened in the earlier timezone. As a result, following rather than fading short-termtrends is often the best strategy. Lien reveals othercharacteristics of the dollar/Euro market, including: theimportance of round numbers due to resting orders placed bycorporations; why there is an innate demand for U.S. dollars due toits reserve currency role; and why Germany and the European CentralBank have far more impact on the currency than all EC countriescombined. Lien emphasizes that traders need to be aware ofboth fundamental and technical and the best trades are whenfundamentals, technicals, and sentiment point the samedirection. Finally, she discusses how she uses doubleBollinger bands to swing trade. Filled with incisivecomments from an active trader, this video will teach viewers:- What tolook for and how to interpret comments from major central banks- Howtechnicals and fundamentals interact to provide tradingopportunities- How toprofit from the ?London Fade? strategy- How toprofit from the markets, ?Risk on/Risk off?psychology- Why themarket sometimes reacts counter-intuitively to news events.- Whydollar/yen often expresses U.S. economic news most purely.Renowned as one of the top forex educators in the world, KathyLien provides traders with a wealth of information and insight tounderstand and spot opportunities in the global currencymarkets.