Professional traders excel at anticipating a trade. As a result, professional traders are often in a trade earlier than retail traders. They predict a good run. In turn, the retail trader most frequently enters later. This is obviously in part due to a natural learning progression. It can also have its downsides – being early can be the same as being wrong! But, nonetheless, the ability to anticipate is what you want to be moving towards. Markets themselves anticipate what is about to come. You want to be doing so too!

So if you know a central bank is set to lift interest rates that week, can you predict what is to come? If you enter the currency long the week before, you might just find you catch a good trade. Work at foreseeing those opportunities as early as you can.

HYCM Lab is a financial analysis source that provides regular insights on how global news affects the markets including forex, commodities, stocks, indices, and cryptocurrencies*. Run by the HYCM team, it equips traders with everything needed to make informed trading decisions.