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  • Post #1
  • Quote
  • First Post: Oct 29, 2009 6:47am Oct 29, 2009 6:47am
Good Day to all
i am new to forex trading and even to this website, but the things that i have been seeing are somehow confusing. Things like ACTUAL, FORECAST, PREVIOS, GDP and so many more.
Can someone caring explain to me how these things on forex factory are being done , interpreted and understood.
I will really be gratefull for the lifettime support.
Franklin
Quoting angelo5uk
Good Day to all
i am new to forex trading and even to this website, but the things that i have been seeing are somehow confusing. Things like ACTUAL, FORECAST, PREVIOS, GDP and so many more.
Can someone caring explain to me how these things on forex factory are being done , interpreted and understood.
I will really be gratefull for the lifettime support.
Franklin
I don't know about lifetime support from me but you will find this to be an enjoyable place to be if Forex trading is for you. Try to get through some reading. At the top of this thread is a good place to start - the three sticky threads. Have fun with a demo account and join in chatting with all the other xxxx's that don't know what they are doing! After a while, if you ask enough questions, you'll start to get it. Whether you start to get money is another matter. If I were you, I might set myself a time limit for (a) whether I enjoy it and (b) whether I'm ever going to make it pay. There's a lot to learn.
Gone to a better place
Hi go to babypips.com there is a lot of good info there........good luck
Spending some time on babypips is definitely a good idea. If you do a search there for "news trading" you'll find some info about the data releases (aka "economic indicators" or "news") on the FF calendar. But you'd probably be better off just going through their school and reading their Forexpedia.

http://www.babypips.com/

Opie999 has a fine thread on FF where you can learn basic trading terminology:

http://www.forexfactory.com/showthread.php?t=163132

PeterFM also has a great FF thread that you should read, if you haven't already:

http://www.forexfactory.com/showthread.php?t=39514

Quoting angelo5uk
Good Day to all
i am new to forex trading and even to this website, but the things that i have been seeing are somehow confusing. Things like ACTUAL, FORECAST, PREVIOS, GDP and so many more.
Can someone caring explain to me how these things on forex factory are being done , interpreted and understood.
I will really be gratefull for the lifettime support.
Franklin
actual=existing in reality
forecast=prediction (expectation)
previous=occurring before (the one before the actual in this case)
GDP= the amount of all goods and services produced by the economy of the respective country(stands for Gross Domestic Product)
Some of the definitions of words you have to clear it up yourself. If you encounter a word you can't find the definition, just post it on. I am sure somebody will direct you to the definition.
  • Post #6
  • Quote
  • Last Post: Nov 1, 2009 8:59am Nov 1, 2009 8:59am
thanks for all the explanations.
i'm new on forex and i have to learn so many things.
thanks for help.
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