Forex Trading Money Making | GBP/USD Forex pair | Trading signals #1

Welcome back, traders and true believers of Forex Trading.

Welcome to the McDuck trading family.

In our previous post, we talked about the use of correlation and prediction in the world of Forex Trading, if you missed it, make sure to check it out!

After the release of our Tools Trades review video, we have received many e-mails from our viewers and readers. Many of them were eager to see the Tools Trades signals in action.

Considering the support and feedback we have received on the blog post of the aforementioned review, we have decided to dedicate most of the posts and videos of this and next month to live trading videos, as we wanted to say a big thank you to all of our supporters and followers.

Without further ado, let's jump right into trading:

Today our broker is going to be IQ Option.

IQ Option is managed and owned by IQ Options Europe Ltd. They are a trading service provider that is located in Cyprus. They are a relatively young company, considering that they were founded back in 2013, however they made quite a reputation for themselves fairly quickly. They have a minimum deposit of 10$ and their goal is to make online trading accessible for everyone.

In the few years that they have been operational, they have won numerous awards for the quality of their services and their reliability. They are definitely one of the upcoming trading platforms that are going to have a place at the top of the market. Their platform comes with a wide selection of trading tools that are typically not found on any binary capable trading platform

We are going to trade Great British Pound / United States Dollar pair. Our signal provider is going to be Tools Trades.

Why did we decide to trade this pair today? Well as you already know, there are many factors that are going to impact the market. Starting with the fundamental analysis, the Office for National Statistics of the United Kingdom is going to be releasing their monthly estimate of their GDP, this will affect changes in the total value of all goods and services produced by the economy, and as such it's the broadest measure of economic activity and the primary gauge of the economy's health.

It doesn’t end there however, as the Office for National Statistics is also going to release their preliminary quarterly estimate of their GDP. There are 2 versions of quarterly GDP released about 45 days apart – Preliminary and Final. The Preliminary release is the earliest and thus tends to have the most impact.

The Bureau of Labor Statistics of the United States is going to be releasing Consumer Price Index for All Urban Consumers, don’t forget that consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.

Our research was pointing us in the buying direction, which we validated through the Tools Trades signal that we received.

The signal was a successful one! In only a few minutes we managed to make 237.37 dollars!

This was a great example of how important fundamental analysis is and how many trading signals can give you an edge when it comes to trading and making money.

That is everything for today, feel free to check out the video below on this topic, stay safe and I will see you soon with more tips and tricks, trading signals and guidelines for Forex trading!

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