learning material

Hey guys,

While trying to trade many technical methods over the past year on a demo account i've always been ignorant about the news. Ive never paid attention to it because i guess ive always wanted to use as less discretion as possible. Abit naive of me i think but i am really interested now in learning to trade completely and learning about the many economic data/reports that are released that affect trading.

Does anyone have any good learning material for economic indicators or any suggestions for my learning curve?

Ive been trying to follow the forex calender on FF but sometimes we get news that contradicts what the price will do. Sometimes i fail to understand what figures will be good or bad for the economy. I think maybe im just not understanding it right?

Any comments or help would be great.
thanks in advance

What's wrong with ignorance? You can trade just as well by not looking at an economic calendar ever again. Understanding something like the trade balance will not make you a better trader. The only balance that matters is your account balance. News trading is a big guessing game. This forum is littered with confused people who thought they knew what was going to happen on a news release.

Uh Oh:surprised

This ought to start a good one

While I do agree with PhilMcgrew it is up to you to make up your mind on whether trading news is what you want. Since I started to hold longer term (several days to a week) i have found that the news is just so much daily noise. Though I have made it a habit to never be in a USD position on NFP day Here is a little item to get you started on what the news items are:

Gosh, I hope my statement wasn't controversial.

Controversial? You, naw... : LOL

I know Scott.

U guys r funny...like it.