how to apply fundamentals to forex?

hello people how is everyone today

i am new to this forum and would like help on applying fundamentals to my forex trades. on a daily basis how would i know what affects what currency for example whats good/bad for the eur/gbp/usd etc and also is economic calender a good help for me

thankyou

Calendar - google "Forex Factory Calendar".

are you good with maths and economics?

if so, go to www.rbnz.govt.nz/research/kitt code it onto software like matlab should be a useful tool if you want to trade the kiwi

that's the reserve bank of NZ's model for policy in NZ i'm sorry i don't know the links to any other country's reserve banks

apart from that a good background in economics would be beneficial, ideas such as PPP, interest rate parity, inflation expectations, GDP growth

until some troll comes along and says "EMH, you mad bro?"

There isn't too much that you need to follow to keep on top of fx fundamentally in the short term. There are 2 areas you need to be concerned with:

1) crisis news. This takes precedence over economic data over the short term. A current example is the eu dilemma with Greece and Italy.

2) economic data. You don't need to look at everything. Focus on the primary bits such as interest rates and inflation, exports, employment, gov bonds. An economy is a business and these bits of data reflect the health of the business.

Don't try to trade the news because that's not going to get you anywhere over the long term. If the data is good or bad a trend will develop and you will have plenty of opportunity to get on board. I look at it like flirting with a hot woman. To get her in bed you have to woo her which in trading terms, is analysing data and building a case for the home run. Once you have her worked out you apply your charm (aka technicals) and bada bing bada bang... When you're in you ride that trend until she starts to complain with mixed messages. At this stage you take your money and run, count your money, repeat cycle.

thanx guys for the advice FORKER i like the example lol thanx

forker said:

...... I look at it like flirting with a hot woman. To get her in bed you have to woo her which in trading terms, is analysing data and building a case for the home run. Once you have her worked out you apply your charm (aka technicals) and bada bing bada bang... When you're in you ride that trend until she starts to complain with mixed messages. At this stage you take your money and run, count your money, repeat cycle.

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Huh? I just thought you go to a bar get w@nkered and pick up the fat chick at the end of the night? I guess in trading terms this means sit in front of a screen for a few hours, eat loads of sarnies, masturbate, then at the end of the day when you realise you've made no money enter a short on Eur "cos Eur looks a bit dodgy at the minute" and it's a quick easy to score, ain't gonna be pretty and don't tell your mates but you get your fill nice and quick.

Sang Froid, what you are describing is intraday trading, Forker is obviously more of a swing trader by nature. Both systems work you're just a bit more likely to get burned (aka STD or VD for the veterans amongst us) if you use the intraday strategy however gratifying in the short term it might be.

Has anybody traded crude oil or any professional oil traders about email me [email protected]

t4h1r, yer started asking out about forex, now you want to know about oil? Its not quite that simple.

Bint_Crusher said:

Sang Froid, what you are describing is intraday trading, Forker is obviously more of a swing trader by nature. Both systems work you're just a bit more likely to get burned (aka STD or VD for the veterans amongst us) if you use the intraday strategy however gratifying in the short term it might be.

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I've heard about those 'swing traders'. Aren't they the ones who have swinger parties put all their car keys in a bowl and some unlucky chick gets to swap her dreary old cardy wearing husband for some other old duffer?

Bint crusher its not for me its for my cousin he wants info about oil trading. I am strictly a forex fan at the moment

Sang Froid said:

I've heard about those 'swing traders'. Aren't they the ones who have swinger parties put all their car keys in a bowl and some unlucky chick gets to swap her dreary old cardy wearing husband for some other old duffer?

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Right on Sang, Forker, Pazzy they get off on this. Like me you get yerself down to the local slags bar and pull the urgliest bint going. \its cheapert and just a bit less blatant thats all.whistlingwhistling:whistling

Re: how to apply fundamentals to forex?

With about 5:1 leverage, a big account and a long holding time.