1
Successful Fundamentals trading (DAY Trading WILL BE Ignored) 17 replies
Book suggestion for Forex News and Fundamentals Trading 1 reply
trading with fundamentals is the only way to go 129 replies
Trend Trading FUNdamentals 3 replies
importance of fundamentals/technicals in intraday trading 0 replies
DislikedReady for the G20 showdown today and tomorrow. I am switching over to political news trading today and Sunday at Market open. Fundamentals are currently talking a back seat. You need to be able to identify when to do this and not get frustrated with the situation. Trading politics is profitable, its just a different strategy than standard fundamentals.Ignored
DislikedHello Eco! Um honest question, if the fundamentals do not work then it is better off to plan a risk-off/risk-on trade?Ignored
Disliked{quote} Not really, it depends on the situation. If politics is driving markets it can either be risk on or off. If the G20 goes well then AUD and NXD will benefit. If it goes bad they will suffer along with risk off flows. You have to assess it from a cause and effect relationship. So here are example where it wasn't risk off Trump election, majorly bullish for the Dollar USMCA progress was bullish cad and peso Here are risk off examples Brexit Trade war Turkey EU Banking crisisIgnored
Disliked{quote} Not really, it depends on the situation. If politics is driving markets it can either be risk on or off. If the G20 goes well then AUD and NXD will benefit. If it goes bad they will suffer along with risk off flows. You have to assess it from a cause and effect relationship. So here are example where it wasn't risk off Trump election, majorly bullish for the Dollar USMCA progress was bullish cad and peso Here are risk off examples Brexit Trade war Turkey EU Banking crisisIgnored
Disliked{quote} Hmm. So it does take awhile to know what issues the markets are focusing. Thank you Eco. I think need to focus more on what you wrote down in the pdf and from the topic you wrote down as foundation for fundamental analysis which I saved before it was changed. I'll have to start with the concepts that seem to be easier to understand. Darn I really can't understand it yet. Sorry! Just need to voice out how kinda overwhelming this is. It is seems like a lot of paperwork but I'll persist. I'm eager to trade but I know I have to dial back as...Ignored
Disliked{quote} Okay. So take a step back and begin with focusing on economic releases and understanding when politics takes the stage. You will notice news feeds start flooding with chatter about potitics because it won't be about economic releases, it will be talking about politicians, disputes, or negotiations. When you see this and you don't understand it then take a step back and wait until the market returns to normality. Once you have mastered news trading, you can then begin understanding and trading political news, but it isn't essential. Trade...Ignored
Disliked{quote} Potentially, but the UK is currently dominated by politics so you need to account for that aspect and the uncertainty it brings. A single political headline can turn the pound hawkish or dovish to the tune of hundreds of pips. Your focus on cad is a good as it is currently the only hawkish central bank out of the majors but is subject to effects of oil news. This week will be about the de-escalation on the trade front with a restart of negotiations. Trump also eased pressure on Huawei so we should see NZD and AUD bid but I haven't yet fully...Ignored
DislikedSome news for cad,the only central bank currently with a slightly hawkish outook. Just be aware that trade demand globally is down and that means demand for oil will be less so gains will be capped. https://www.fxstreet.com/news/russia...r-201906290921 The markets got what they expected with a de-escalation of trade war, Easing on Huawei, and trumps visit to meet rocket man at the North Korean border. This should be positive for risk sentiment and we could...Ignored
Disliked{quote} Keep in mind that in Canada is Canada day tomorrow which is July,1,2019 and Banks are closed. I will not be looking at CAD tomorrow. But other pairs will.Ignored