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After a very quiet day in the foreign exchange market not much has changed since Friday.
The US dollar posted an impressive performance on Friday after Yellen hinted at another rate hike.
The market sentiment was negative towards the USD most of the week. But on Friday, Yellen turned everything around, which helped us increase the weekly profit to 267 pips.
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A trading journal highlights all your successes and your failures. By keeping a journal you can avoid repeating mistakes and increase you performance.
Hedging consists of going short and long on two positively correlating forex pairs. Man Group uses this forex strategy with great success.
The central banks shift interest rates to help the economy and inflation. But these moves have a great impact on the forex market and related currencies.