Fundamental trading is defined as listening to the news and trying to guess which way the price is going to go.
However, there is more to fundamental trading than that definition. What is the trading relationship between the two countries? What strategic importance does one have over the other. The closer the relationship between the two countries, the more the currency has to stay aligned with its counter part. The Aud/Nzd is so closely aligned that their currency price has never strayed more than 16 cents from center.
Systemic trading is the part of fundamental trading that doesn't rely on the current news, which is good because we can't get the current news soon enough to take advantage of it, unless your a bank. Because small time investors can't really trade with the defined fundamentals, we have developed and promote a new way to use fundamentals but call it systemic to avoid confusion.
Therefore I need to disagree with FxProdz concerning there being no rules. Of course we have rules but they are different than technical traders rules so they (technic traders) don't recognize them as rules. Technical trading is so pervasive that there are only a couple of us systemic/fundamental traders on the whole forum.
You are of course welcome to join us, that is why we are here, To meet new people that want to trade like we do.
General rule number one, be nice to technical traders, they out number us 98 to 2 and have been know to get aggressive if not fed.
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