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Hi all I am new to trading any advice would be helpful :0)

FxProdz (FxProdz)
Mar 22 2014 at 21:06
42 posts
Fundamental analysis isn't easy, and there's no rule about it, the only thing that can help you is your own experience and some techniques. So if you're a new trader I suggest to you to follow the economic calendar to be aware about all the news, so that you could avoid trading at news time. That will help you to avoid unnecessary losses!

Quand on veut on peut
ForexAssistant (ForexAssistant)
Mar 22 2014 at 23:22
465 posts
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.

Bob

where research touches lives.
pinoybboy2004
Mar 23 2014 at 08:34
4 posts
Hey, I've been at this for a year. I'd suggest following a free signal service while entering your own trades manually. If you can mimic successful traders then you will be more confident. Also, open up a few 'trash' accounts and run some expert advisor's (robots) that will trade for you. You can analyze whether or not they are for you or not. They will run 24/7 if your CPU is on so you don't need to manage much.

FxProdz (FxProdz)
Mar 23 2014 at 08:36
42 posts
ForexAssistant posted:
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.

Bob


Hi dear Bob 😄

You're right,, it was just a mistake cuz when I said there's no rule, I didn't mean fundamental analysis has no rule, but I mean trading at the moment when the news releases doesn't have a specific rule, and it's really hard to identify the final direction, sometimes it moves to the opposite direction that we expect, sometimes it takes a direction and after few minutes it changes its direction. Frankly, I stopped trading news, but fundament alanalysis is something else and it's very important for swing and long term trading 😄


Quand on veut on peut
forexalertsystem (forexalertsystem)
Mar 24 2014 at 08:07
101 posts
i have some great advice for you! Don't Trade. take your money and buy yourself something nice or you will lose it to people like me who are on the other side of your losing trade...

this advice is free and your welcome....

ForexAssistant (ForexAssistant)
Apr 02 2014 at 03:44
465 posts
Better yet, learn to make money doing what you love doing.
     That way even if you don't make much money, you still got the love.
This too is free advice and worth every cent, I might add.

Bob

where research touches lives.
forexalertsystem (forexalertsystem)
Apr 02 2014 at 06:55
101 posts
ivandeep (ivandeep)
Apr 02 2014 at 14:17
16 posts
Don't listen to this negative comments,If you love trading forex.My advise is to learn how the market works, and how to trade with simple price action.

Search for the trader name ' Nial Fuller ' His trading strategy is so simple and only using a pure price action.He also have a blog
you where he share his knowlegde about forex trading.


My first year trading in deo account is so depressing. Its all about psychology, and discipline in forex trading i think.

timonihfunds
Apr 02 2014 at 15:27
1 posts
hey.spend more time to study and understand how the currency markets work.....for about 3 to 6 months study from professional traders....learn to understand the charts...then demo trade to get hold the markets ..before putting your hard earned money on the line...cheers..

forexalertsystem (forexalertsystem)
Apr 02 2014 at 18:24
101 posts
People say learn how the market works. our system that makes the most does not look at news or technical analysis... its all garbage..

the area you need to learn is Quantum mechanics. this is how the markets really works.......

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