Hey guys,
After almost a year of trying to trade 5-10 currency pairs at any one time and not even close to mastering one pair fundamentally or technically, I've decided to slow down and focus on just one or at most two pairs.
Technical mastery is simple (though far from easy, of course) enough, just study the charts.
However, does anyone have any advice on how I could increase my fundamental knowledge of, say Cable? I check the FF calendar everyday and read up all i can, but still feel that I am missing a lot of knowledge. My goal is to know the pair well enough to be able to give an educated analysis of what might happen to Cable if for example, the Dow shoots the moon or the Carry Trade Unwind. It is simple enough to be able to guess that Cable head down if there is a major interest rate cut, but I would like to factor in deeper economic factors in my analysis too.
I understand that much of this comes with experience, but if anyone could point me in the direction of a recommend news source or website that might help me out, it would be greatly appreciated.
Much Thanks
After almost a year of trying to trade 5-10 currency pairs at any one time and not even close to mastering one pair fundamentally or technically, I've decided to slow down and focus on just one or at most two pairs.
Technical mastery is simple (though far from easy, of course) enough, just study the charts.
However, does anyone have any advice on how I could increase my fundamental knowledge of, say Cable? I check the FF calendar everyday and read up all i can, but still feel that I am missing a lot of knowledge. My goal is to know the pair well enough to be able to give an educated analysis of what might happen to Cable if for example, the Dow shoots the moon or the Carry Trade Unwind. It is simple enough to be able to guess that Cable head down if there is a major interest rate cut, but I would like to factor in deeper economic factors in my analysis too.
I understand that much of this comes with experience, but if anyone could point me in the direction of a recommend news source or website that might help me out, it would be greatly appreciated.
Much Thanks