Monthly Archives: August 2011
Reports and other fundamental economic data have a profound effect upon financial markets. Even the anticipation of a Forex news report release can spark a flurry of buying or selling. For example if a report on employment rates is due to be released at noon, the morning trading will reflect what traders think that report states. This trading of the news is a popular method of trading both stocks and currencies. But how do people know which way to goRead more ….
Of course, having the right psychological demeanor for trading is worthless if you do not have the skill sets needed to be a successful trader. Whether you favor the fundamental or the technical side of things, you need to be skilled at what you do. Learn how to trade correctly before you worry about making the right decision for the right reasons. Most traders value a technical approach, but this is not always the best way to trade. While it’sRead more ….