What moves greenback
PHILLIP Futures forex dealer Kwah Wee Hong offers some tips on how to trade the US dollar (USD):
READ THE NEWS
Pay attention to economic news, especially the Federal Reserve's policies, jobs data, inflation data and unemployment rates.
UNDERSTAND THE FUNDAMENTALS
Understand the factors, such as the pace of the quantitative easing tapering, which drive the US economy, to identify the future direction of the USD.
TRADE WITHIN YOUR MEANS
As both spot forex and dollar futures involve margin trading, the profits and losses are magnified. Investors must know their own risk appetite.