AWARDS

What is it? It checks the change in the inflation-adjusted value of all goods and services produced by the economy.

It's the broadest measure of economic activity and the primary gauge of the economy's health.

When? October 31^st at 8:30am Eastern Time.

Trading Tip: If the number is higher than the forecast, you can expect the CAD to rise.

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The Importance of Diversification

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Diversification is a technique that help you by allocating investments among various financial instruments, industries and other categories. It aims to maximize return by investing in different areas that would each react differently to the same event.

Most investment professionals agree that, although it does not guarantee against loss, diversification is the most important component of reaching long-range financial goals.

How to Diversify

Instead of investing with only one broker, you should invest with as many as possible. It will help you invest in different stocks and currencies as each broker can have different ones. In addition, it’s good to try many broker so you can decide which one you like best and can make you the most money.

Conclusion

It’s best to invest in at least 3 brokers, with 5 brokers being the optimal amount. Any less than 3 and you don’t have enough diversity, while more than 5 might be too much to follow.

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What is it? It checks the change in the price of goods and services purchased by consumers.

Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.

When? October 31^st at 6:00am Eastern Time.

Trading Tip: If the number is higher than the forecast, you can expect the EUR to rise.

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What is it? It's among the primary methods the BOJ uses to communicate with investors regarding monetary policy. It covers the factors that affected the most recent interest rate decision, the overall economic outlook, inflation, and clues regarding future monetary policy.

When? October 31^st at 2:31am Eastern Time.

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the JPY to rise.

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