How to Monitor Fundamentals in Forex Trading

ForexHow to Monitor Fundamentals in Forex Trading

In many ways, forex trading is equivalent to playing a game. You have a contestant who you battle with, the forex market. In any game of luck the key feature is that everyone faces the same percentages and so the same level of information. In these games, no player can defeat the odds.

Trading forex , however , isn’t a task of percentage participants in forex trading don’t share identical amount of information. In forex, this asymmetry of information leads to advantages and disadvantages to trades. Some users have additional info than the others. In forex, inf about elemental facets of economies does not arrive concurrently to all players. The genuine crucial question is what type of knowledge and information can make better trading performance. The search for an edge commences with a basic understanding of the nature of the forex market. Having a structure of data in fundamentals is a first step in developing into a successful trader.

In starting to get familiarised with the forex market, the general public begin by looking only at price charts and price patterns. This is called technical research. But the research of what moves those charts is known as basic criteria. The goal of Part I is to identify the elements of fundamental analysis regarding forex and then provide a recipe for developing your own fundamental criteria of a currency pair.

Why take a bit of time to view forex fundamentals? Why should basics be of use if a trade is completed with a short term time interval e. G the 5-minute chart? The quick answer is that one cannot choose between the elementals from the technical analysis without revealing oneself to great distortions in understanding the forex market. Foreign exchange is by its nature both fundamental and technical and reflect the increased globalization of the world economy.

Forex – Trading the News?

Forex Robot ReviewForex – Trading the News?

To start off the second post here at FRR, we cover an important article.  It’s about forex trading the news, and the main message is, DON’T DO IT!  Stick with Forex Robots or Forex Trading Systems!

There are several stories of traders that  wait for an event and try and pounce on the market before the fluctuations begin.  I have noted a phenomenon I call shockwave or Price Trace Dispersement.

Here, Forex Traders in several examples monitor and attack the first reaction to reports or a press release.

They believe that there will be a short but pointed price move in one particular direction.

Shockwave : a price movement in the other way of the first reaction. All traders should have a regular calendar of outstanding, prepared press releases. My recommendation isn’t to trade these headlines. In reality I wish to be on the sidelines just before the statement and. Are you indifferent? Traders occasionally refer to this as “expectation. ” I think it is more expectancy, and trust me, I have tried this method.  I still try and make a trade hear and there when I hear something in the news.  It just doesn’t work!

Different from facts Ican tell you a lot about the technical fundamentals of automated forex trading. Do not be quick to judge the news reaction;. If you have got to trade the news, do use an execution tool.  A useful reference is James Bickford’s Foreign exchange reader released in 2007.  Search for it on google.

Really, we recommend Forex Robots, and we offer helpful reviews to ensure you find the right one.  As we continue to write articles we will advise you on which forex trading systems are the best.

Forex – Trading the News?

Welcome to Forex Robot Reviewer

forex-robot-reviewer

Welcome to Forex Robot Reviewer

I would like to personally welcome you to Forex Robot Reviewer.

This is a resource that you can count on for honest unbiased reviews of Forex Software, Expert Advisors and more.  There are a few staff members but I do most of the posting and reviewing.  I will be taking a few different approaches when I look at these systems:

  • Live Account Testing
  • Backtesting
  • Forward Testing
  • Support Quality
  • Cost
  • Risk/Reward

These are all the key areas that I will focus on when looking into MT4 forex robots.  Let me talk about my experience some.

My Experience

I have traded with over 50 systems so far, some robots others signal systems.  Overall I have gained over $100,000.00 in the last three years using EA’s.  That’s not to say I haven’t lost, because I have, but all in all if you do your due diligence you will be rewarded.

The reason I am here

Like you I have responsibilities, priorities but as a hobby I have decided to run this site.  I am probably going to run it for a couple months and see what people think, if the response is good and I can truly help some people in the forex market then I am happy and I wont stop.

Developments

I am currently still working on the site, the content, which robots to review etc so I will not make my e-mail visible yet.  If you want to contact me, do it through commenting on posts for now, and once things get a little easier to manage I’ll let you know where you can contact me personally.

So, thanks for reading the first post of the Forex Robot Reviewer blog and I hope that you continue to check in from time to time because it might just make you a LOT of MONEY!