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from:As much as anything else, understanding and correctly playing the Forex markets requires an ability to follow the progress of trading and appreciate the – sometimes tiny – clues that can hint at an opportunity for a big profit, or warn of an imminent loss. This kind of knowledge is not something that you gain in a day, nor a week for that matter. Really being able to read the market takes some experience, some instinct, and something to back both of these things up. You may have the finest instincts and the most telling experience of all, but being able to check information and get a feel for how others are interpreting it will still be enormously helpful.
In this you will be aided a great deal by having the resources upon which to call, which all traders take a look at when they feel that it will help. Among these resources there are newspapers – the financial press has been around for many years now, the things that it does not know about investment can be counted on the fingers of one hand – and the TV. Sometimes the requirement will be to read and watch financial reports, but if a trader has developed knife-sharp instincts they will be able to interpret quickly how the world will react to a major event in one country.
Additionally, a good source of market data – usually installed as standard on the computers of any investment organisation, or available to buy or download for home training, will show you trends and allow you to read them more clearly. This can make a huge difference.
Forex Day Trading System News
WORLD FOREX: Dollar Boosted By Strong US Jobs Data - Wall Street Journal
 Trading Point | WORLD FOREX: Dollar Boosted By Strong US Jobs Data Wall Street Journal Although it helped staunch concerns amongst currency traders about QE3, the numbers bolstered the market's appetite for stocks and higher-yielding currencies. That helped the euro reverse the day's losses despite ongoing jitters about Greece's ability ... FOREX-Dollar up vs yen on US jobs data, holds steady vs euro Daily Report: EUR/USD, GBP/USD, USD/JPY and USD/CHF Forex Market Review – Euro erases earlier losses on bullish Bernanke speech |
Baltic dry index down for 32nd day - ForexLive (blog)
Baltic dry index down for 32nd day ForexLive (blog) We will randomly select 10 tee shirt winners when the survey closes on 2/22/12. daniel schlei: Sean, You sound like the SNB is entering in trades manually. Also, is the SNB's FOREX guy in the... Gerry Davies: Joe, it wasn't Adam who didn't like you ... |
Taiwan Bonds Drop a 3rd Day, Currency Rises on Optimism for Global Growth - Bloomberg
Taiwan Bonds Drop a 3rd Day, Currency Rises on Optimism for Global Growth Bloomberg Taiwan's government bonds dropped for a third day and the local dollar strengthened after reports showed better-than-forecast growth in US jobs, fueling optimism for a recovery in the global economy. The Taiex (TWSE) index of shares rallied 0.9 percent ... US dollar closes lower on Taipei forex |
Forex: USD/CHF jumps above 0.9200 after Employment report - FXstreet.com
Forex: USD/CHF jumps above 0.9200 after Employment report FXstreet.com The USD/CHF has jumped around 100 pips in the last hour with the pair breaking up the 0.9200 level and reaching fresh intra-day high at 0.9230. Currently, the USD/CHF is trading around 0.9210, 0.45% above today's opening price action. |
CME Jan Daily Trading Volume Down On Year, Up From Quiet Dec - Wall Street Journal
CME Jan Daily Trading Volume Down On Year, Up From Quiet Dec Wall Street Journal By Mia Lamar Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--CME Group Inc. (CME) reported its daily exchange trading volume was lighter in January than a year earlier but gained over a quiet December, a view echoed Thursday by rival ... |
ROUNDUP: The Week's Forex Industry News - Wall Street Journal
ROUNDUP: The Week's Forex Industry News Wall Street Journal Overall, FX was a rare bright spot even though profits across sales and trading for debt and other products--including FX--fell 35% in the fourth quarter compared with the same period in 2010. Ironically, on the same day, the bank's FX trading system ... |
EUR/USD: Trading the U.S. Non-Farm Payrolls Report - DailyFX
EUR/USD: Trading the U.S. Non-Farm Payrolls Report DailyFX ... in business sentiment certainly bodes well for the labor market, and a marked rise in hiring could lead the EUR/USD to work its way back towards the 20-Day SMA (1.2912) as market participants scale back bets for a large-scale asset purchase scheme. |