Archive for the 'forex resources' Category

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Look at the Calendar Dude*

Yea why’s that so? Just take a look at Forex Factory’s calendar from time to time and see what’s going on around the world that will affect your pairs.

The aim now is to do both fundamental/ technical so this will be good for your fundamental side of your trading.

Thanks to Peter Buchner again! ;)

Forex Basics

Found this url to be exceptionally userful.

Check http://www.goforex.net/ out.

I’m still on Forex Basics again and will cover more on the site itself later.

Indicators that Influences US Dollars’ Value

I’m on Bernard Baumohl’s The Secrets to Economic Indicators and came across this;

The indicators that influence the US Dollars value the most:

  1. Employment Situation Report
  2. International Trade
  3. GDP
  4. Current Account
  5. Industrial Production/ Capacity Utilization
  6. ISM Report – Manufacturing
  7. Retail Sales
  8. Consumer Prices
  9. Weekly Claims for Unemployment Insurance
  10. Productivity and Costs

We’ll touch by one by one when I come across them and where can we find the reports as well.

Source of Forex Daily News

For fundamental analysis, I’ve actually gone through and found some links which are useful for daily reads and analysis on what’s happening in the markets.

  1. Yahoo’s Foreign Exchange News
  2. Financial Times
  3. DailyFX
  4. NewsNow
  5. Moreover News

More to come if I could find some more.

Forex Factory – Useful Indeed

I’ve stumbled upon Forex Factory with Pete’s recommendation.

Forex Factory - Useful Indeed

A pretty useful site, with helpful traders all around discussing strategies, experiences daily and upbeating news on the economy.

For Beginners:
Check out their stickies done by diallist, they ought to get your mind boggle for awhile on how you should approach forex. And post questions here, everyone gets a chance to be answered by experienced traders here. *Sticks up 3 thumbs

Journal Factory:

This is where traders pen their thoughts and experiences daily, we would say its like their blog to each thread, interesting to note.

On Brokers:
They’ve lined up systematically on the available online brokers, with reviews, structures, pips spread and thoughts on each and available ones you can find in the market.

Forex Articles:
Articles shared by members, you have those that teaches you how to spot scam market makers and what to be wary of in this gruesome market (lol)

There are a lot more threads and topics you should check out for yourself. I like the way that the administrator is dealing with the registrations. Your application is manually approved, and then they’ll send you the guidelines (which are relatively simple to adhere to unless you’re a troll, spammer or some spoilt kid who doesn’t understand English).

Forex Factory, have you bookmarked yet?

BabyPIPS – It’s Fun :)

It’s one of the cutest and fun way to embark forex since BabyPIPS.com LLC has an interesting approach on they’re gonna teach anyone on the streets to start.

I’ve even actually paid up $30 just to download the pdfs from them. lol

BabyPIPS.com

For an introduction to forex, you’ll head to Quickstart, which you’ll pick most of the terms of the market. Like a general FAQ telling you what and pointers of what not here and there.

Then you’ll proceed to School, where you’ll start to learn how to read charts like Japanese Candlestick, Fibonacci, Moving Averages, so on and so forth (yea, I’m here at this point) from Elementary all the way to High School! (and I’m not here to judge ;p)

There’s other resources classified under Analysis and Resources in which we ought to take note after graduating from the School. So that’s BabyPIPS.com for you my friends! Have fun!