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Nairaland Forum / Nairaland / General / Business / Adverts / How To Analyse Forexfactory Newz (1213 Views)
Analyse Your Data With Ease / Within <7days You Too Can Analyse Data Like A Pro (2) (3) (4)
How To Analyse Forexfactory Newz by alfredinner: 1:26am On Dec 01, 2011 |
Hello everyone,plz can someone teach ♏ε̲̣̣̣̥ how to analyse forex news. |
Re: How To Analyse Forexfactory Newz by naira4ever(m): 2:59pm On Dec 01, 2011 |
There are lots of websites that provide this service - fx news analysis for free I think you should visit: forexfactorydotcom, babypipsdotcom, investopediadotcom/forex Why don't we leave the news analysis for the forecasters and concentrate on the technical aspect which I believe is the true picture of traders' sentiment globally. That is, if you study price action and your chart very well, you will know which direction a trade is likely to follow or is following. But if you must trade news, then I think you need to focus on the main economic news: i. Central Bank Rate ii. GDP iii. Consumer price index iv. Employment change/unemployment rate I believe those websites provided above, will help. |
Re: How To Analyse Forexfactory Newz by alfredinner: 11:37pm On Dec 01, 2011 |
Tenkx man |
Re: How To Analyse Forexfactory Newz by alfredinner: 11:43pm On Dec 01, 2011 |
Most times i used moving average 13 and 5 and also parabolic indicators buh, nowadayz dose indication is failing ♏ε̲̣̣̣̥ presently.dat's reason why i nid fundamental knowledge τ̲̅ȍ tackle Τ̲̅ђe situation. |
Re: How To Analyse Forexfactory Newz by naira4ever(m): 3:59pm On Dec 02, 2011 |
I used EMA 10 & 5 too and EMA 50 to confirm the trend and set my SL on the 4hr time frame. I think going by some fundamental analysis (news reports) can be at times more confusing than setting up a more convenient and interpretative price action chart. Cos, you could miss some trade/pips while waiting on news analysis or worst still, lose a good trade while trading the news or entering a trade in the course of a news instead of riding with the trend. Better still, one needs to search and stick to major forex news analyst that analyses on a longer time view, may be on weekly or monthly basis. Watch CNN world/global economic reports and some other TV/cable news provider, if you want to be a good forex fundamentalist. Best Regards. |
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