Fundamental analysis
Submitted by Tommy on April 3, 2007 - 08:38.
Can anyone tell me how to use fundamental analysis effectively? What economic indicators should I watch (I mean really influential ones) to anticipate currency moves? thank you
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Submitted by Tommy on April 3, 2007 - 08:38. |
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Hi,
What I usually do, I read this calendar:
http://www.forexfactory.com/calendar.php
They show the most important data in red.
If you want some reading I find this resource quite helpful: http://www.forex-fundamental-analysis.com/
I have recently read that pro traders can make 20% to 30% of total account a month just trading on the first Friday of each month.
When the payroll data came out on Friday morning they are ready to get in. They would then ride an extreme "well-shaken" market from several minutes to an hour and get out with decent profits.
Forgot to mention the news are about US employment, thus they watch USD currency in pair with any other one.
Wow, awesome info. I'll definitely note this for my trading. Thanks guys!
focus on US Non Farm Payroll, US Interest rates and CPI.
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