Stocks & Commodities V. 23:8 (46-47): Forex Focus by Kathy Lien
Product Description
Stocks & Commodities V. 23:8 (46-47): Forex Focus by Kathy Lien
Access to foreign exchange trading has opened up exciting trading options for the retail trader. You can now trade alongside corporations and institutions in a highly liquid market that is global, traded around the clock, and highly leveraged. Before jumping into this market, however, we must understand the factors that affect the forex market. With that in mind, STOCKS & COMMODITIES is introducing Forex Focus to better prepare the retail trader to participate in the currency market.
WHAT MOVES THE US DOLLAR?
Many factors are responsible, but some are more important than others. Most speculative currency traders are technicians — that is, traders who rely solely on charting methods. However, this does not mean that fundamentals are insignificant and have no bearing on trading decisions. In fact, more and more technicians are inquiring about the expectations of the market leading up to major economic releases.
NUMBERS TO KEEP AN EYE ON
It is estimated that approximately 25% of all traders base their strategies off fundamentals, using releases such as Gross Domestic Product (GDP), employment, and Consumer Price Index (CPI) as the basis for their trading decisions. Because of this substantial influence in the market, knowing how, why, and which releases provoke the biggest response beforehand can be a profitable way to formulate trades.
Access to foreign exchange trading has opened up exciting trading options for the retail trader. You can now trade alongside corporations and institutions in a highly liquid market that is global, traded around the clock, and highly leveraged. Before jumping into this market, however, we must understand the factors that affect the forex market. With that in mind, STOCKS & COMMODITIES is introducing Forex Focus to better prepare the retail trader to participate in the currency market.
WHAT MOVES THE US DOLLAR?
Many factors are responsible, but some are more important than others. Most speculative currency traders are technicians — that is, traders who rely solely on charting methods. However, this does not mean that fundamentals are insignificant and have no bearing on trading decisions. In fact, more and more technicians are inquiring about the expectations of the market leading up to major economic releases.
NUMBERS TO KEEP AN EYE ON
It is estimated that approximately 25% of all traders base their strategies off fundamentals, using releases such as Gross Domestic Product (GDP), employment, and Consumer Price Index (CPI) as the basis for their trading decisions. Because of this substantial influence in the market, knowing how, why, and which releases provoke the biggest response beforehand can be a profitable way to formulate trades.
FOR THOSE ORDERING ARTICLES SEPARATELY:
*Note: $2.95-$5.95 Articles are in PDF format only. No hard copy of the article(s) will be delivered. During checkout, click the "Download Now" button to immediately receive your article(s) purchase. STOCKS & COMMODITIES magazine is delivered via mail. After paying for your subscription at store.traders.com users can view the S&C Digital Edition in the subscriber's section on Traders.com.
| Take Control of Your Trading. |
| Professional Traders' Starter Kit |
| All these items shown below only $299.99! |
| Click Here to Order |