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Old 06-25-2009, 03:41 AM
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Quote:
Originally Posted by Xiao View Post
Okay Sir I got an Good knowledge about Your Daily News...

So Sir I would Like to Know More about Uk and Jpy Economy.. Coz I am New Trader so I just Study More about Economy Impact...

Sir I have Little Confusion about Economy..
If I am a Trader of Short Term so It should be wast I see The Economy Calender because Every Time There is Some Economy Realize Of Any currency pair.

I know The Some Impact very well as Like Interest Rate and etc..

Just Little Confused What a Short Term Trader Do?Attachment 31978

thank you Attachment 31980.
Trading the news can be a bit of an effort in decreasing your account value, price movement proves to be erratic and shows itself when news comes out in a spike... and either keep going in that direction or start trending the other way. Price action doesn't always make economic sense, so its very important to understand technical analysis especially in forex- the aspect of psychology is a gaping hole in fundamental analysis. I recommend you learn to recognize candlestick patterns, Also, look up fibonacci, and learn a thing or two about some basic indicators such as RSI, MACD, Parabolic SAR....etc.

Fundamentally, learn about the economies about the currencies you're trading and if you wanna go deeper the relationships between other countries. Don't just trade the news. I hope this helps! http://forexforums.dailyfx.com/images/icons/icon7.gif
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