New Article - Sentiment in FX (http://www.orderflowtrading.com/Articles/tabid/392/entryid/18999/Sentiment-in-FX.aspx)
How to find your way around by JupaFX At Orderflowtrading we talk a lot about sentiment, and we also talk a lot about the fact that FX is probably the most complex asset class to analyze and trade. In this article, we're going to bring forth a possible explanation of why this may be, and propose a time-tested routine on how to stay focused and find your way around FX. Sentiment in FX What drives sentiment in FX? What do we, as traders, need to take into account when asking ourselves what is driving price? Market sentiment in FX is driven primarily by economic news and geo-political events, which of course can be related to the short term (like a FOMC meeting) or medium term (like the current tensions in Iraq which have been going on for a few weeks at the time of writing this article). So before even looking at charts and setups (I know, we're all chart junkies up to a certain extent), we need to find out what's going on in the World. Where can we find out what's going on in the world? ...
Read the rest of entry » (http://www.orderflowtrading.com/Articles/tabid/392/entryid/18999/Sentiment-in-FX.aspx)
How to find your way around by JupaFX At Orderflowtrading we talk a lot about sentiment, and we also talk a lot about the fact that FX is probably the most complex asset class to analyze and trade. In this article, we're going to bring forth a possible explanation of why this may be, and propose a time-tested routine on how to stay focused and find your way around FX. Sentiment in FX What drives sentiment in FX? What do we, as traders, need to take into account when asking ourselves what is driving price? Market sentiment in FX is driven primarily by economic news and geo-political events, which of course can be related to the short term (like a FOMC meeting) or medium term (like the current tensions in Iraq which have been going on for a few weeks at the time of writing this article). So before even looking at charts and setups (I know, we're all chart junkies up to a certain extent), we need to find out what's going on in the World. Where can we find out what's going on in the world? ...
Read the rest of entry » (http://www.orderflowtrading.com/Articles/tabid/392/entryid/18999/Sentiment-in-FX.aspx)