←Stage 66 · Premium
Forex

What Moves a Currency

Every currency pays a rate to whoever holds it, and a pair is two of those rates in one price. This stage teaches you what moves one. You'll read a rate board and a calendar row, and you'll know which currency moves, which way, and what holding the higher rate pays you and risks. Eleven lessons, and the last one hands you a whole week of releases.

Stage 66 of the TradeWize forex track: what moves a currency. Central banks, the surprise in a release, the carry trade, risk on and off, and the dollar.

0 / 11 done
StartLesson 1 · A Currency Is a Rate
What you’ll leave with11 lessons · 5-line playbook
  • A currency pair is two interest rates, and the differential is what I am paid or charged to hold it.
  • I read previous, consensus and actual, and the surprise is what moves the pair.
  • I do not hold a stop inside the spread on a release, and I wait for the second move.
  • Carry pays me the differential and charges me the move, and I compute the move that wipes a year of it.
  • A peg holds until the reserves run out, and I never short the central bank at the line.

All lessons

  1. 01A Currency Is a Rate
  2. 02Eight Central Banks
  3. 03Reading the Calendar Row
  4. 04NFP, CPI and the Decision
  5. 05Trading the Number
  6. 06The Carry Trade
  7. 07Risk On, Risk Off
  8. 08The Dollar Index
  9. 09Intervention, Pegs and Floors
  10. 10Political and Fiscal Shocks
  11. 11Read the Week Ahead