Forex Webinar: FOMC Game-plan with the USD Hedge
In this webinar, we looked at how traders can prepare for the December FOMC meeting, in which it's largely expected that the Federal Reserve will bring on that first interest rate hike in over nine years. The one thing that we can be sure of, is that volatility will likely follow in the US Dollar. We just can't yet be sure of the direction.
In this webinar, we discuss the potential of using a strategy that focuses on volatility in the dollar, called the USD Hedge. At the center of the USD-hedge is the management of risk across exposures. For more information on risk management, please review our Traits of Successful Traders research series.
We also discussed using price action as the basis of analysis for plotting entries and setting up potential positions. If you'd like to get started with price action, please feel free to read our article, Four Simple Ways to Become a Better Price Action Trader. And if you're looking for something more advanced with formations and a more strategy-centric approach to price action, please feel free to peruse our series entitled, The Forex Trader's Guide to Price Action.
--- Written by James Stanley, Analyst for DailyFX.com
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.