Forex markets go far beyond basic supply and demand figures. Everything that affects the political & economical situation of the two nations involved in a forex pair has some bearing on the value of the two currencies against each other. Forex traders have plenty of fundamentals to consider as they are bombarded by news broadcasts, government reports, newsletters, brokerage firm research, television analysts, and many other sources. The challenge is not finding information, but in determining what is most significant and interpreting the likely effects on the markets. | ||
Forex traders do need to be aware of key fundamental factors, how they can move markets and when they might have the biggest impact on the markets. Knowing about the possibility of potential adverse volatile movement as a result of some fundamental factors might, for instance, affect when to place a trade, what type of order to place or whether to trade that day at all. FXNewsTrends combines real-time and historical price charts complete with a history of major economic news releases. Our subscribers have access to information such as the selected report's expected number, the actual number and the historical price movements that report generated in the past. When fundamental announcements and economic news released and it is a 'surprise', meaning that it is different from what the market consensus expects, it can cause a sharp and active price movement. Based on historical trading data going back multiple years, FXNewsTrends provides information about how far it typically moves on a successful trade signal and how successful a record that economic report has reaching its' profit target. How far does the news have to be from the expected number to see active price movement? FXNewsTrends provides that information as projected price triggers. Each report indicates possible buy and sell trigger prices based on years of historical archives of news trades and price movement. FXNewsTrends provides up-to-date analysis of upcoming reports provided by a veteran forex bank trader, Jimmy Young. Watch Jimmy's daily Review Preview to better understand the relationships of scheduled news releases with previous announcements. Jimmy is an active trader with 25 years of forex trading experience. This is ideal insight for forex traders who can research how far off from an expected value a report has to be in order for price to make a substantial price move. The goal is to understand how much deviation produces a trade capable of reaching a pre-determined profit level, possibly 50 points on a majority of reports covered by FXNewsTrends. Trader's can view data from over 70 economic reports from seven major currency pairs. FX News Trends incorporates Jimmy's News Trader weekly to provide you easy analysis of the news trades covered by Jimmy in the Daily Review Preview. Jimmy's daily Review Preview has been previewing trading strategies around selected reports, getting into the trade before the release when the technicals suit, and where the downside of the trade may only result in a small loss or possibly no loss at all. |