Forex Trading Money Making | USD/CHF Forex pair | Trading signals #2

Welcome back, traders and true believers of Forex Trading.

Welcome to the McDuck trading family.

In our previous post, we traded Great British Pound / United States Dollar Forex pair with Tools Trades signal, if you missed it, make sure to check it out!

As promised we are going to do more live trading so that our readers can get insight into the quality of the Tools Trades signals.

Today our broken is going to be IQ Option and I must say that so far I am very pleased with their trading platform. It looks good, it is very intuitive and well designed overall.

We are going to trade the United States Dollar / Swiss Franc Forex pair. Our signal provider is going to be Tools Trades once again.

What data can we use to supplement our decision to enter this trade?

First of all, let’s take a look at the important events today as a part of our fundamental analysis.

Many things are happening today but I am going to try to make it as simple as possible for you to follow.

First of all, the US Department of the Treasury is going to release a report that will display the price differential between revenue and expenditure of the federal government during the preceding month.

Then we have the report from Treasury Direct, this will give us insight into the highest yield on 10-year bonds the government sold at auction, and the bid-to-cover ratio of the auction. Keep in mind that yields are set by bond market traders and therefore they can be used to analyze trader's views on future interest rates. The bid-to-cover ratio reflects liquidity and demand on the bond market which can be used to evaluate trust among traders.

Up next, a report from the Energy Information Administration, shift in the number of barrels of crude oil kept by commercial firms in the inventory over the past week; it is the primary indicator of global supply and demand imbalances that can lead to shifts in production rates and price volatility.

The information that we have gathered so far has pointed us to a buying position, however, let's take a look at the chart below and see what information we can gather from it.

As you can see both moving averages and technical indicators are telling us that this is a strong buy position, the signal from Tools Trades also suggested that we should take the buying position.

If we take that in consideration along with the fundamental analysis from above, we can be highly assured that a buying position is a right decision for this trade.

At this point, we can enter the trade with great certainty that it will end in our favour and that we will make a profit.

This proved to be true and you should definitely take a look at the video below, to see the whole trade from start to finish.

This has to be one of the fastest trade we have won, considering that in around three minutes we managed to make 306.60 dollars!

Good analysis and even better signals are the best way to trade nowadays, make sure that to quality of both is up to today's standards so that you can get the best possible results when trading.

That is everything for today, stay safe and I will see you soon with more tips and tricks, trading signals and guidelines for Forex trading!

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