Live Trading Examples

[Springboardyourtrading]

Tom Franklin of https://www.Springboardyourtrading.com here. In our new video series we will be posting live trading videos where we show live trading examples and explain how/why we traded during that period of time. For those of you who do not know about SpringBoard Trading, we focus on Fundamental Analysis. In our opinion the Fundamentals are heavily discounted in retail Forex trading. it seems most people focus on Technical Analysis, while completely ignoring the Fundamentals.

In this particular video we were able to capture 100 odd pips on the GBPAUD from positive Brexit news.

 

[Springboardyourtrading]

 

[Springboardyourtrading]

Consumer Price Index (CPI) figures were released in the United States earlier today for the month of August. Consumer Prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to to raise interest rates. The figures released hurt the chances of an interest rate increase coming out of the United States. Forex, Futures, and CFD traders are able to capitalize on these sorts of fundamental news events. You just have to have a good understanding of what the figures mean and how they are going to impact the markets.

CLICK TO LEARN MORE ABOUT SPRINGBOARD YOUR TRADING

 

[Springboardyourtrading]

 

[Springboardyourtrading]

After yesterdays unclear day in GBP pairs we finally had some common sense fundamental analysis to drive the markets. Rumors have begun to spread that United Kingdom Prime Minister Theresa May could be resigning. On top of this more uncertainty on Brexit gave GBP Sterling a reality check. This proved to be a very good news trading opportunity in Great British Pound crosses. Each and every week there are great Forex trade setups driven by the fundamentals. Unfortunately most Forex traders are only interested in trading based on technical analysis, which often times leaves these Forex trades confused when there is a pop in the financial markets. Don't be confused! Learn Fundamental Analysis! Learn More! https://springboardyourtrading.com/

 

[Springboardyourtrading]

The EURO crashed today on Fundamental news events today coming out of Italy and elsewhere. Earlier today the Office for National Statistics released their Current Account figures. The actual figure came in at -16.9B vs. a forecast of -17.2B, and previous of -12.1B. This report is directly linked to currency demand and a rising surplus indicates that foreigners are buying more of the GBP to execute transactions in other countries around the world. Combined with this we have had a lot of political worries coming out of Italy as they defiantly announced they would expand their 2019 budget deficit to 2.4% of GDP, which was well above the initial proposals from finmin Tria, which was 1.6%, and European redline of 2%. This lead European Parliament head Antonio Tajani to come out and say that fiscal targets set by Italy's government were "against the people" and could hit savers without creating jobs. All of this fundamental news caused some great volatility in Forex and the rest of the financial markets. For fundamental news traders such as Springboardyourtrading.com and our mentoring students this provided excellent opportunities to capture some Forex pips. If you would like to learn what we do and how we trade click the link below. I promise you won't be disappointed.

https://springboardyourtrading.teac...ws/?couponcode=WAYNE10&affcode=25461_bit0rtnj

 

[Springboardyourtrading]

Today's markets have so far been driven by news out of Canada in which they come to an agreement with the United States and Mexico over trade agreements. The new trade agreement will no longer be called NAFTA, but rather will be titled United States-Mexico-Canada Agreement (USMCA). This trilateral pact rescues a $1.2 trillion open-trade zone that was about to collapse after nearly a 25 years due to the United States and Canada unable to initially come to new terms. After intense negotiations however Canada finally agreed to a new deal. This caused a spike in the Canadian Dollar as it saw a jump of 0.85% against the United States dollar to a four month high. In a early morning Tweet United States President Donald Trump said, "It is a great deal for all three countries, solves the many deficiencies and mistakes in NAFTA, greatly opens markets to our Farmers and Manufacturers, reduce Trade Barriers to the U.S. and will bring all three Great Nations closer together in competition with the rest of the world.

Tom Franklin from Springboardyourtrading.com is constantly monitoring these fundamental news events that drive Forex markets. If you would like to learn how to trade live during news events then make sure to take our Learn to trade the news course.

CLICK TO TAKE THE COURSE:

 

[Springboardyourtrading]

Learn how I trade: https://springboardyourtrading.com/trader-transformation-service/?wpam_id=14#chose_plans

 

[Springboardyourtrading]

Learn More: https://springboardyourtrading.teac...ws/?couponcode=WAYNE10&affcode=25461_bit0rtnj

Tensions between Italy and the European Union continue to escalate over 2019 budget concerns. These tensions have caused good volatility in the stock and Forex markets. Traders will continue to closely monitor the political situation in Italy. Italy is targeting a deficit of 2.4% of Gross Domestic Product (GDP) next year, and suggest they will commit to a drop to 2.1% in 2020 and 1.8% in 2021. In this video I traded the Euro vs. the Japanese Yen (EURJPY). During market volatility caused by EU news Euro crosses will be good options to trade. To be able to trade these Forex pairs the way that I trade them though you must have a Forex squawk service and understand the impacts of economical events. There are plenty of free Forex education courses out there, but most are a waste of time and will take you forever to get through all of the information. I have developed a in-depth Forex course the weeds through all of the BS and gets straight to the point on economical events that drive the market and how to trade those events.

 

[Springboardyourtrading]

In this Live Forex trading video I traded the pair GBPNZD. After positive Brexit news I expected a decent response from the Great British Pound, but as you can see in the video that did not occur. Hope you enjoy the video. Make sure to subscribe to our channel and click the links below.

Facebook Group: https://www.facebook.com/groups/springboardyourtrading/

Twitter: https://twitter.com/Springboard84

Trade the News: https://springboardyourtrading.teac...ws/?couponcode=WAYNE10&affcode=25461_bit0rtnj

Mentoring Service: https://springboardyourtrading.com/trader-transformation-service/?wpam_id=14#chose_plans

 

[Springboardyourtrading]

A lot can be learned from losing trades, some would say you actually learn more from your losers than you do from your winners.

In this live forex trading example trading the UK unemployment figures did not go as expected. I was anticipating a large drop in the GBPUSD after the figures were released. As you can see in this video though the GBPUSD pair did not drop as expected. Thankfully though through sound risk management I was able to limit my losses to just 5 pips.

Need help selecting a broker. Check out Forest Park FX who are experts in all things Forex broker.

Facebook Group: https://www.facebook.com/groups/springboardyourtrading/

Twitter: https://twitter.com/Springboard84

Trade the News: https://springboardyourtrading.teac...ws/?couponcode=WAYNE10&affcode=25461_bit0rtnj

Mentoring Service: https://springboardyourtrading.com/trader-transformation-service/?wpam_id=14#chose_plans

 

[Springboardyourtrading]

Big miss on the Canadian Inflation figures earlier today. The USD/CAD quickly moved to 1.3117, up 80 pips from before the data and a six-week high. StatsCan said transitory pressures from the gasoline, air transportation and travel tours indexes, which boosted the all-items CPI in July and August, eased. It looks like vehicles were a big drag. "The purchase of passenger vehicles index (+0.6%) rose less on a year-over-year basis in September than in the previous month (+2.3%), which was largely attributable to the lower availability of new model-year vehicles compared with the same month last year."

 

[Springboardyourtrading]

Theresa May has officially been given 72 hours to save her job. The reaction among UK Brexiteers to a longer transition period is bordering on the hysterical. The ultras are now openly campaigning for a no-deal Brexit. They are urging May to reject any notion of an Irish backstop - which amounts to the same. The DUP's language was more moderate. They said that an extension of the transition does not solve the problem, which is of course correct. As we are now headed into overtime, preparation for a no-deal Brexit are starting in earnest on both sides. This will continue even after a deal, all the way until ratification in the House of Commons which may not happen before March. For those who have been following me know, we have been paying close attention to Brexit news as it has provided some excellent Fundamental news trading opportunities. This trade was no exception, once the news broke the markets moved and we were able to capture a quick 20 pips in the GBPUSD.

visit: springboardyourtrading.com to learn more