Hi guys, I'm a beginner at Forex and I'm looking for a way to stay updated with analysis and opinions on the financial markets. Have you heard of this app tradebird Do you know what is it and is it useful? Thanks
Forget about news. It's in the price long before it's news.
I don't use any apps, I just google forex calendars and I check them every day before I start trading.
Apr 08 2016 at 19:15
Lots of websites on news,the list is endless,you can watch Bloomberg just to get used to the lingo and a quick overview,as you become more experienced you will learn to pick out the important stuff worth investigating.I also look at MorningBrew,yahoo finance,marketwatch etc.One thing though by the time you get news the moves have already played out or began.
"They mistook leverage with genius".
snapdragon1970 posted:
Lots of websites on news,the list is endless,you can watch Bloomberg just to get used to the lingo and a quick overview,as you become more experienced you will learn to pick out the important stuff worth investigating.I also look at MorningBrew,yahoo finance,marketwatch etc.One thing though by the time you get news the moves have already played out or began.
That is why it's better to check the forex callendar at the beginning of the week and preferably at the beginning of every day. Some events, at least, are scheduled, so you can wait for them to happen, rather than react after the fact.
Forums are good source of information but social networking sites can solve your queries very quickly and you can many information in real time.
Apr 15 2016 at 08:43
vic84 posted:
Forums are good source of information but social networking sites can solve your queries very quickly and you can many information in real time.
True, twitter spreads information very quickly, and that includes Forex information.
Watching economic calendar, comparing it to old ones, sharing vision of economic situation with more experienced traders, and applying it with strategy
Do your best
Apr 16 2016 at 10:52
If your interested in news a company called IIFT has a daily note,its written by Peter Brown ex Barclays dealer,worth checking out.
"They mistook leverage with genius".
theHand posted:
Forget about news. It's in the price long before it's news.
well said, I fully support it
Apr 16 2016 at 22:49
I'm sure you've heard the quote 'Sell the news buy the rumour'.
"They mistook leverage with genius".
Apr 18 2016 at 10:56
idimitrov posted:theHand posted:
Forget about news. It's in the price long before it's news.
well said, I fully support it
Thats nonsense. The big news like FOMC or Dgraghi moves market a lot at the time news are announced.
I think it's undeniable that high impact news like what you mentioned have a big effect on the market at the time they are released. I do think, however, that effect is for the most part temporary and once it passes the market continues moving the way it usually does and can be understood through technical analysis.
Apr 18 2016 at 13:29
dianajs posted:Yeah that sounds about right
I think it's undeniable that high impact news like what you mentioned have a big effect on the market at the time they are released. I do think, however, that effect is for the most part temporary and once it passes the market continues moving the way it usually does and can be understood through technical analysis.
Apr 18 2016 at 18:25
togr posted:You never seen a move long before any announcement?Its already baked in to the price sometimes,so you can't say its nonsense,if the market agrees with Draghi it moves more in the same direction,if not you might get a a short bounce,because the market guessed wrong.Traders covering their loses.Sentiment will play out then eventually technical comes back into play,Trading basics 101.idimitrov posted:theHand posted:
Forget about news. It's in the price long before it's news.
well said, I fully support it
Thats nonsense. The big news like FOMC or Dgraghi moves market a lot at the time news are announced.
"They mistook leverage with genius".
Vantage FX give you free access to profesional News Terminal. You will get instant news releases and news updates. If this terminal is not enough then I guess you will have to fork out monthly $1500 for Bloomberg terminal.
Money never sleep
theHand posted:
Forget about news. It's in the price long before it's news.
So do you want to say that there are some traders around that have a cristal ball and know the news earlier than us? 😀
Apr 19 2016 at 15:47
Do you think that people in this game are straight and honest,lol.There is a list of cases where journalists have leaked news to traders before the news has got to 'us',the Fed was under investigation for news being leaked in April 2013 ,Medley Global you can search it.It's pretty long though.😉
"They mistook leverage with genius".
Apr 23 2016 at 10:30
I am pretty sure there are plenty of people out there who know these news before they are announced and they leak them to others who have an interest to start trading as early as possible.
Apr 24 2016 at 03:25
Megabot posted:theHand posted:
Forget about news. It's in the price long before it's news.
So do you want to say that there are some traders around that have a cristal ball and know the news earlier than us? 😀
Are you talking about insider trading ? There is one risk you need to take , not losing your money but ending up in jail if get caught .
https://www.abc.net.au/news/2014-05-09/two-men-arrested-insider-trading-abuse-public-office-charges/5442602
Often , the best trade is no trade at all
