Trading fx fundamentals

6 months ago I was on a mission to make my life trading fx fundamentals easier. Building and maintaining a foundation knowledge on central bank policy and the economy for the 8 economies I trade is time consuming. So my mission was to find services that I could use to consolidate and simplify. After spending weeks trawling through every search engine link, I realised it didn't exist. I would have to be the research analysts and a trader and this didn't really bother me much because I don't see this as work but more of a constant need to feed my inquisitive mind. It sure would be nice to have a service that offloaded some of the heavy lifting and consolidated the information I use to trade in one place.

This is when I realised I needed to build it. I knew it wouldn't be a time saver as I still have to do the same amount of research, but if I make the experience of using that information nicer it would still be beneficial for reference purposes. Up until recently I was using one note for journaling my research but now have my own platform. I figured there must be a lot of retail traders out there in the same boat so might as well offer it to them as well.

I have built the site as a centralised research platform. There are 2 sections to the site, the first is an information dump of how I trade fundamentals along with a blog that shows trade examples which will grow over time. I am not charging for this and if you want to see how you can apply fundamentals for short term gain then its all there for you to use. I have additionally added market overviews, news feeds with search capability, cot tool, and currently integrating bond yeilds. There is plenty of free stuff there and it will grow in content and functionality over time.

The second part of the site is subscription based. You can't expect me to spend a great deal of time researching and just give it away for free. It also costs me a lot every month on data feeds and tools. The good news is I am not charging an arm and a leg for it. There are 2 levels of subscriptions. Both give the user access to all the research but the second includes data flash which is a real-time economic release tool with squawk. I did it like this because some traders prefer to use their own release tool so don't have to pay for a service they don't need.

Some of the features I have built into the subscription section

1) central bank dashboard that shows the strength of central bank policy, analysis of the policy

2) important news that needs to be kept separate and fresh in your mind

3) statement differentials (quickly see the differences between statements) Also has links to actual statements and press conference videos.

4) central bank communication. All pertinent time series communication covering press conferences and any speeches or other central bank communication. You no longer need to search news feeds for this info.

5) news feeds and analysis feeds from a variety of sources. Both automatically update and have search capabilities.

6) economic data in chart form with navigation across main categories including employment, growth, inflation, business, consumer, property etc. Looking to add an economic overview section that briefly summarizes the state of the economy

7) rate forecasts

8) last major changes to policy. A timeline of the most recent major changes.

9} personal notes. You can add your own notes so as to treat this as a platform for research.

10) real-time economic releases with headline and countdown squawk.


I am currently taking it through its paces as a trader and adjusting layouts and content so that I can enjoy its benefits as a trader. If I can't make money off it then its no good to anyone else. I am looking to potentially release it this week or next so pop by and have a look when it's ready. You can also take it for a test run free of charge for a week.

Oh and one last thing, I have emailed Twee twice about this and have received no reply. Funny thing is I will hear from Twee the scond someone reports this which I am counting on as I do wish to operate by site rules.

So just to recap, this site isn't about selling signals or trading education. It's about a research hub that will undoubtedly make your life as a fundamental news trader a lot easier and more time efficient. I will never realize that benefit unless I hire someone to do the heavy lifting for me, which might just happen one day and I can just focus all my energy into trading and enjoying life.

So stay tuned for the details and I hope you find it useful whether you access the premium content of just make use of the freely available features like the searchable news feeds.

Excellent work, you have definately identified a gap in the market. I'm sure it will be a success.

Congratulations Ecotrader ...

All the best with your new venture ! Will definitely have a look see once up and running.


Cheers
Blue

Here before it takes off like a rocket.

Thank you EcoTrader, I'll look forward to the launch of your site

An interesting thread.

I don't understand why some people flatly refuse to pay for tools and knowledge - but some/most do !

I can understand how some tools are out of reach like full news terminals from Bloomberg or Refinitive (formerly Reuters). That being said you can get cut down versions of these tools for an affordable price. I think it comes down to a mentality where they think they can have the same advantage with less information.

In general the sort of tools available on this space deliver breaking news which is essential but lacks the context needed to turn that information into a trade. You know what it's like sourcing and tracking information that isn't breaking to build context. Having to go to central bank websites, watch all their press conferences and digesting speeches. This is all essential information that supports the foundational knowledge required to pair economies and know where the opportunities are. Without it, a trader is just trading headlines and that will work some of the time but not enough to be consistent.

I believe I have a very different offering here for traders using fundamentals in forex. I am offering convenience and time because all this information is available but at the cost of your time. Instead of spending many hours every week sourcing across dozens of sites and tools, you will find everything in one place. All the news is there alongside economic data and central bank research. To complete it I have real-time economic releases so its a one stop shop and I will absolutely keep adding new features and high quality content.

My goal here is a tool that I want to use to trade and I am absolutely certain others will benefit as well.

The site is now online. Apologies for the additional delay, I added several new features and reorganised the layout.

https://TradingFxFundamentals.com

In the public section is:

 

1. Consolidated news feed with search capability (subscribers can additionally filter by source)
2. A social news feed (source twitter)
3. Economic calendar (a bit different to forex factory calendar - nothing really new to discuss here)
4. The market overview includes major indices, commodities, gov bond yield curves, and COT analysis
5. Trading Fundamentals - an introduction with concepts and templates you can use to begin your journey - I will be adding to this over time
6. Trade examples - Only just started and will grow every week with new examples

You can try out the portal for a week at no cost and there are 2 subscription plans

 

1. silver - gives you access to the portal content but not real-time economic releases (this is for traders who prefer their own tool maybe Eikon or something else)
2. gold - access to everything

The portal offers the following

Central banks covered

1. Fed
2. Boe
3. Boc
4. Boj
5. Rba
6. Ecb
7. Rnbz
8. Snb

Features

1. Central bank analysis and quick view dashboard - a summarised analysis of central bank policy, the schedule, and a visual representation of where the respective central bank's policy compares with others.
2. Central bank communication - a time series of key communication including speeches, press conferences, interviews ( I will be adding publications in the near future)
3. Rate forecasts
4. Last major changes to the policy or framework
5. Statement differential - a visual side-by-side differential of the current statement against the previous
6. News feeds with custom filtering capabilities
7. Analysis feed with custom filtering capabilities
8. Export destinations - useful for researching trade conflicts and trade relationships
9. Key Economic data
10. journaling feature - add your own notes and research (visible only to you). Use this to extend the platform to become your journal alongside a research hub
11. real-time economic releases with headline squawk and countdown alerts (works on mobile and desktop with audio)

Have a play and I hope it is as useful to you as it now is to me- been actively using it to trade for the last week and I have found it to be immensely useful as a research hub.

Wow this is awesome! I'll likely subscribe in the coming months. For now I'm just going through read through the articles. Thank you Eco!

Glad you like it, was a shed load of work putting it all together but quite functional and fills a gap for us retail traders.

Just an update, I am adding another subscription level that gives access to real-time releases for 8 bucks a month. This is the cheapest you will find anywhere for this feature. I hope it adds value to aspiring fundamental traders.

my lose point looking to learn fundamental analisis thank you share subscription thread............

Best of luck with it Eco
Sure it will go very well

Cheers

Fader123

Thanks bud, even if it doesn't, I plan on using it for my own trading so no loss either way.

Today's trade

Swissy rate decision which was unchanged but the statement highlighted inflation expectations ticking up which sent Swissy on the move. Long term inflation expectationions are unchanged and later in the speech Jordan said along the lines of there being some inflation deanchoring which effectively softened interest. Nonetheless, if you were tuned into it all you would have made some money (30 pips on offer with at least 15 realistically available)

new section added to the site to help anyone learning fundamentals. This should help you tune into what is important from a scheduled release standpoint with some commentary on other factors, It is not a trade signal service, you won't learn to trade fundamentals if you are spoon fed signals. Use this to keep you on track with your daily research for trade opportunities.

Regarding events such as Jordan speech, I follow live squawk on twitter which is delayed obviously, but they summarise key things. If listening to the speech live, I assume it is spoken in Swiss, can also choose language translation? I don't know much about live subscription services but interested.

I have a cheat for these which will blow your mind. Get Google translate and download the language pack, in this case German, and watch the video on your pc and have your phone translate it in real-time. It works a treat and is pretty incredible tech.

Alternatively, a nondelayed news terminal will have the main highlights broadcast. Twitter is great at content but you need something more real-time to take advantage.

Risk off flows active. Look at Yen for opportunities but be cautious of US session starting soon as movement seems to be somewhat capped at the moment.

Daily Trading Opportunities
Disclaimer: Trade opportunities materialising depends on deviations in expectations for the respective economic release and market sentiment. Use this as a guide for your daily research.
June 14


Note: Tensions with Iran are heating up with USA accusing Iran of sabotaging oil tankers yesterday (13th). This has the potential to drive risk off flows. Oil can be an opportunity as well as Cad$ so keep tuned in for any escalation for a long on Cad$

 

1. CNY Industrial Production - any significant miss on expectations will likely soften sentiment.
2. US retail sales. Generally a volatile indicator so only look to trade it on a significant miss on expectations. Markets have been pricing in a Fed cut so the $ is vulnerable.