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If traders were optimistic or pessimistic, there is a good chance that most of these orders point in the same direction. Sometimes, the choice of a safe haven currency is more of a choice based on prevailing sentiments rather than one of economic statistics. Those two pairs look like they are chasing the resistance areas on the daily timeframe. The financing cost will be the exposure of your trade, multiplied LIBOR plus or minus our rate, depending on whether you hold a long or short position. How To Create A Solid Forex method One biggest mistake for many new traders is starting to trade Forex without a solid Forex trading method. We have no knowledge on the level of money you are trading with or the level of risk you are taking with each trade.
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