forex fundamentals are way too vast
Page 1 of 502 12 LastLast
Results 1 to 10 of 12

Thread: forex fundamentals are way too vast

  1. #1
    Hi guys

    still a newbie to forex, and I m finding I have a tough time with all the fundamentals...

    once more I m not referring to trading using news...I m talking about understanding how fundamentals impact the overall trend for weeks, months, etc.,.

    That there are just a couple of things that seem significant, interest rate, unemployment, retail sales, NFP, and inflation. . .but its hard for me to determine how a specific data will impact the currency...

    many times when a particular econ data comes out, it doesn't really influence the principal trend of the currency. . .so I ask how can I connect such info such as NFP, retail sales, etc with the long-term effect of the currency thanks?

  2. #2
    Quote Originally Posted by ;
    I'd say the answer is you might be delusional, But although it's likely to go for lengthy amounts of time with no or very minimal amount of losses it comes back to get you in the end.

    No pain, no gain. There is free of charge another for you .

    I enjoy the analogy some trading book writers have utilized that losses are a cost of doing business. The trading business. Every business has expenses and income. Profits are earnings. Losses, data and spread are expenses.

    There is just no getting around it. Period.

    But you're different. Very good luck Mr No loss.
    Ok let me after 13 decades of trading....how many accounts have u blown? Ur last or perhaps just ) account what did u invest to start with and what's the account balance now?

    Possibly I can learn something from you...

  3. #3
    No account. But in the first couple of years I had many a huge drawdown. Since.... I was unwilling to take a loss. This was trading stocks.

    I'd one special stock in the Nasdaq bubble period Tellabs (TLAB)that went from $68 down to $42 @ 500 shares represented a $13000 loss It was assumed to be a daytrade. Which instead turned into a 6 month commerce. I held and blessed for me personally (and thats exactly what is was, pure chance ) it came and went as high as $77. I think I bailed out using a $4/share profit.

    It's never traded above my original purchase price $68/share again and has been as low as $4/share and currently stands at about $11/share.

    Everything I learned is the next time the reverse would probably happen and wipe me out. Therefore the risk is evaluated until I worry about the payoff. And there is always risk no matter the planning and analysis. Some trades more than others for certain but it's always there.



    As far as just how much I've made, I wouldn't be foolish to publicize the fact to anybody on a public forum or via PM. Who would?

  4. #4
    Quote Originally Posted by ;
    No blown account. But at the first couple of years I had many a big drawdown. Because.... I was unwilling to take a loss. This was trading stocks.

    I had one special stock in the Nasdaq bubble period Tellabs (TLAB)that went from $68 down to $42 @ 500 stocks represented a 13000 loss It was presumed to be a daytrade. Which instead turned into a 6 month trade. I held and lucky for me (and thats what was, pure chance ) it came back and went as high as $77. I believe I bailed out using a $4/share profit.

    It has never traded above my initial buy price $68/share again and was as low as $4/share and currently stands at around $11/share.

    What I heard is the next time the reverse would likely occur and wipe me out. Therefore the risk is evaluated before I be worried about the reward. And there's always risk regardless of the preparation and analysis. Some trades over others for certain but it is always there.



    As far as just how much I have made, I would not be foolish to market the fact to anybody on a public forum or through PM. Who would?
    Ok as I thought. I asked you 2 questions (1. How much cash did you begin with? 2. What's ur current equilibrium?) Yet you refused to answer them.

    Please do not be offended if I dont respond to some future posts cause u have shown to me that ur quick to take others efforts down nonetheless ur not man enough to share ur own efforts with other people....

    No crime...I do wish u the best of trading times

  5. #5
    Quote Originally Posted by ;
    okay as I thought. I asked you 2 questions (1. How much money did u start with? 2. What's ur current equilibrium?) You refused to answer .

    Please do not be offended if I dont respond to your future posts cause u have proven to me that ur quick to take others efforts down yet ur not man enough to discuss ur own efforts with others....

    No crime...I do wish u the best of trading times
    No offense taken and the best of trading days to you also.

    In all my years online I've yet to see and more importantly believe anyone's financial details that they would prepared disclose to the entire world. Or at least the entire world that comes toforexintuitiveor alternative internet chat forums.

    Besides it is possible to believe what you want. I am aware that I'm still in the game these several decades after. Plan on being around many more.

  6. #6
    Quote Originally Posted by ;
    ok if I could find anyone that will inform me eley what price the eur/usd is going to soon be trading in 14:00 on monday 9 july then I will hear them....but since I know that nobody could predict the future I dont believe there is anybody out there that can get it done....

    ps. . .if everybody followed aristotle we would still believe the earth is flat....thank god for the copernicusses' and galilei's of the world....people who believe for themselves. . .lol
    no , I didnt mean it that way. . .nobody said learn to predict the market...I suggest you can learn from the different gies people use...I dont mean hear what people tell you to do or what to buy or sell...I mean hear the way other men and women describe the reason behind the various ways they exchange...I mean that's one develops you know, by learning from other people

    and by the manner aristotle taught Alexander the Great who conquered countries and is the very notable leader in history. . .but it was Pablo Picasso who said that quote just so its known.

    Bill Gates in Silicon Valley said that quote too. . .because he stole the idea of Window out of Apple, who stole that idea from IBM. . .and now Bill's a billionare...

  7. #7
    Could somebody please notify moderators that this thread has gone off subject?!!!

    Here is my first take on fundamentals. You are able to exchange them short term. Long term is actually hard. Your very best choice is to choose the key fundamental reports which move the currency and then keep record and observe how each specific report is tranding. I.e. Has the CPI consistently been coming lower and lower? I concur with the interest rates being the actual divers of those markets. Still I think that it's a bit crazy to believe that you can forecast the markets long duration with fundamentals only. In addition, I think that it's crazy to exchange short term without accepting fundamentals into account.

    Long term, I would use Technical Analysis mostly, and just keep my eye to the some previous fundamental facets to maybe help your choice. Beware market analysts! They do not exchange for a living. If they were that good, they would be doing this instead. They've no way to forecast the market any better then you do. At the end of the afternoon, everyone finds out the news at precisely the same time.

    As for your conversation of earnings a month, I have something to say: as my Martial Arts instructor says: Throw Down! If it's possible to struggle (exchange ), then struggle (exchange ). If you can't then opt to keep learning or do not. I will tell you one more thing. I know guys who've been doing martial arts for years, have 3 black straps and I will get 1 guy with 3 months experience from my college and trash another guy. Experience doesn't prove squat. Sometimes it demones someone has spent years filling their minds with useless information but can sound very smart about it. My instructor also states:The toughest guy in the room has no need to inform the world how hard he is and rarely listens to hotheads who shoot their mouths off. When it comes time to struggle though, they could fight. It's the weak guys that go around talking garbage and threatening others and feeling threatened by others. To everyone out there: YOU HAVE NOTHING TO PROVE TO NO ONE! I can guaranteee you that if there are traders out there which makes 20-30percent a month none of them are going to be with this thread going around trying to convince somebody that they can. Why? Since they could and they know it and do not really care what anyone else believes. It's just a waste of energy. They'd rather spend that energy on enhancing their trading. They've more important things to do: trade! People moving around laughing at others will need to go do something more important with their lives such as: trade!

    In the end that is the reason why we came . To learn to become better traders. Quit wasting your time and go about some better business. . .oh yeah, right this is a business NOT AN EGO COMPETITION! This is similar to negative water cooler talk when instead we might be out there brainstorming, offering thoughts, contributing, helping out each other. . .learning to become better traders and earning more money. Spepticism is great if it's going to lead to something greater, otherwise keep it on your own. I have got a possible setup to get a bounce trade coming up so I must go.

    Just my two cents...

  8. #8
    Knowing about fundamental is not required an obligation. It depend of your style of trading and moreover, the time frame which you are using.

    Personally, once I started I had been using small time period, between 15M and H1. After a while and unsuccesful trading experience, I went back to what I had been doing with inventory.
    Now I begin long time period such as D1 and W1. However, for me personally, technical is not enough, since I need to now what exactly is happening. With a macroeconic history, fundamental analysis is kind of an obligation for me. However, is not vital to understand the most complie concept, for the simple reason that you won't be able to predict numbers economically. However, you'll be able to discover the direction that's enough to predict the management of the central bank policy and the economy generally, which can be just what you need to use fundamental analysis as a trading instrument.

    However, you have to remenber that's doesn't matter to be appropriate, because is what the market thing will occur that matter. On the other hand, the differential between the market perspective along with your analysis can become among the best indior if your analysis is great, since more the differential is important more, in the event you are appropriate, the correction in the market will be important.
    But a last variable is essential to take under consideration. TIME. Time is everything in trading, and in long term position it's particularly true. Hence the last thing essential to do is, when the differential between the two analysis is important, what will change the perspective of this market. A data (generaly the case) or another piece of news (see february).

    Thus, for extended time, fundamental analysis is important for me personally. Along with a simple version like IS/LM, Aggregate demand/offer, is enough to undersand what is happening. In addition, check the web site of a central bank (RBA, BoE, or even RBNZ such as ). They prupose a lot of advice on this topic, and also the tool and model that they use. However, those tool are a little complied to begin with, but they are usefull to comprehend and predict their coverage.
    Also, market analysis available on the market, equity market, bond market are usefull too. You take, last february correction by way of example, it help a lot to predict it.
    Nevertheless, is not an obligation to become succesfull in gambling. It must correspond to character and a style of trading. For me personally, it will, but it is just my situation, that all.
    About short time period, it is not essential at all. Assessing the news and also the perspective of this market is considerably more important for time period such as H1 and H4. Personally, when I trade those time period, I consider the path which I discovered on the Daily as the major picture directionon the short term. On the other hand, the management of this position, will be influence mostly by news, data of the week/day, and specialized analysis on these time frame. However, if both leadership are exactly the same, I have a tendency to augment the number of lot that I take.

    To sum up, it rely upon you personally. When it correspond to a style, find out about it. If your analysis is good enough, use it. But find out about it, test and try it prior to using in live commerce. As for me, I train itself for 6 to 9 month in a row prior to using it in live trading.

  9. #9
    Quote Originally Posted by ;
    I'd advise to try and dismiss if possible 100% of the rest of the planet in gambling. Trade detached don't read other people's opinions, trades, calls or analysis. ESPECIALLY when beginning.
    I am not joking.

    Find a working platform, isolate yourself, perfect it, dismiss all else.
    This man said he did not understand anything about fundies, he must begin somewhere with economic term and connections...

    How could somebody learn if he/she does not listen to anybody? He/she invents how or facts?
    Quote Originally Posted by ;
    Find a working platform, isolate yourself, perfect it, dismiss all else.
    The majority of systems works until the market changes it is basics conditions... it is better to get a newby to learn about what, and kind what he enjoys and does not like following

  10. #10
    Quote Originally Posted by ;
    This man said he did not understand anything about fundies, he must start someplace with economic term and connections...

    How could someone learn if he/she does not listen to anyone? He/she invents how or facts?


    The majority of systems functions until the market changes it has fundamentals conditions... it is better to get a newby to learn about everything, and kind what he enjoys and does not enjoy after
    I think what Seeking meant is that After you learn the fundamentals and find a system to function with that you're convinced functions, then do not listen to many people's remarks, analysts forecasts, and jumping from system to system.

    Clearly if you're just starting out as a newbie, you are going to need to listen to someone. However, the point is that many people become influenced easily by a lot of sources and their trading suffers as a result.

    Discover what works, stay to it, and immerse yourself into it should you ever plan on being profficient.

    Tom

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners more information