Forex Trading

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Forex - which is the best news site for a fundamental trader?

Forex - which is the best news site for a fundamental trader?

This is a type of question where you should make your own mind up. The thing is whatever you do, you the retail investor will always be lagging in the speed of the news you receive. In the forex markets,, news travels fast and hence can make the markets very volatile. Fundamental and technical analysis are trying to solve the main problem of : WHAT THE MARKET IS GOING TO DO, FORECASTING PRICES, WHAT THE DIRECTION OF THE MARKET? Be aware that fundamental analysis study the CAUSES OF MARKET MOVEMENT while technical analysis study THE EFFECT.

Be sure that in a graph, everything is already discounted according the theory of CAPITAL ASSET PRICING MODEL, WILLIAM F. SHARPE, NOBEL PRICE OF ECONOMY. Stated in another way, prices tend to lead THE KNOWN FUNDAMENTALS. In other words, the news is inbuilt into the chart. For further readings in technical analysis, see these books by authors, leaders in that field ( John J. Murphy, Martin Pring, Steve Nison, Edwards and Magee, and many others...).

Be careful trading any financial markets, There is huge risk and losses pertaining to forex trading. Be very prepared at what the forex markets can throw at you. Do not pay attention to those who are claiming that you can make a lot of money with their systems. Be wary of them.

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