Market Expectations of News and Their Impact on Currencies There’s no one “All in” or “Bet the Farm” formula for success when it comes to predicting how the market will react to data reports or market events or even why it reacts the way it does. You can draw on the fact that there’s usually […]
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Find Out Forex Trading News Data A quick Yahoo gleing (that’s Yahoo, Google, plus Bing) search of “forex + news” or “forex + data” returns a measly 30 million results combined. 30 MILLION! That’s right! No wonder you’re here to get some education! There’s just way too much information to try to process and way
Fundamental Factors which can beat currencies There are several fundamental factors that help shape the long-term strength or weakness of the major currencies and will affect you as a forex trader. We’ve included what we think are the most important for your reading pleasure: Economic Growth and Outlook We start easy with the economy and
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Understand the concept of Dovish and Hawkish also Monetary Polices We just learned that currency prices are affected a great deal by changes in a country’s interest rates. Dovish vs Hawkish What is Monetary Policies We now know that interest rates are ultimately affected by a central bank’s view on the economy and price stability,
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The impact of monetary policies on forex As we mentioned earlier, national governments and their corresponding central banking authorities formulate monetary policy to achieve certain economic mandates or goals. Central banks and monetary policy go hand-in-hand, so you can’t talk about one without talking about the other. While some of these mandates and goals are
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Fundamental Analysis explain Along your travels, you’ve undoubtedly come across Gulliver, Frodo, and the topic of fundamental analysis. Wait a minute… We’ve already given you a teaser about fundamental analysis during Kindergarten! Now let’s get to the nitty-gritty! What is it exactly and will I need to use it? Well, fundamental analysis is the study of fundamentals!
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Reversals VS Retracements How Identify How to properly Identify Properly distinguishing between retracements and reversals can reduce the number of losing trades and even set you up with some winning trades. Reversals vs Retracements Classifying a price movement as a retracement or a reversal is very important. It’s up there with paying taxes. *cough* There are several key differences
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Trending Retracement or Reversal Trend? Imagine this scenario. Price starts to rise. Keeps rising. Then it starts falling. And falling some more. And falling some more. And then it starts going back up! Have you ever been in this situation before? It looks as though price action may be rallying and a buy trade is
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RANG-BOUND identification in market What is a range-bound market? A range-bound market is one in which price bounces between a specific high price and a low price. Likewise, the low price acts as a major support level in which price can’t seem to break as well. The high price acts as a major resistance level in which
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Know Your Trading Environment When two people go to war, the foolish man always rushes blindly into battle without a plan, much like a starving man at his favorite buffet spot. The wise man, on the other hand, will always get a situation report first to know the surrounding conditions that could affect how the
