A trend following system anybody can learn it.
Fundamental Analysis – To help understand this lets say that I am a trader who studies technical analysis and believes that at least in the short term, which is the time frame that I trade on, that technicians are all that matter. Next lets say that I am looking at a chart of the EUR/USD at 8:20 AM on the first Friday of the month, and my technical s are telling me that the trade is a good buy.
If I focused purely on technical analysis then I would probably enter that position not knowing that at 8:30 AM I may be in for a surprise that I was not expecting. As those of you who have been through module 8 of my basics of trading course know, at 8:30 AM on the first Friday of the month Non Farm Payrolls (NFP’s) are released, which historically has been one of the most market moving fundamental releases in the Forex market.
While I am not saying that a trader who trades on technical s should not take a trade that looks good to them from a technical standpoint because of weak fundamentals, what I think this shows is that technical traders who at least have an understanding of fundamentals have the ability to decide whether or not they should factor in a specific piece of fundamental information or no. In my opinion this gives them a big leg up on technical traders who dismiss fundamentals altogether.
1. Results are based on own Live Trading Account. Results are not typical and past performance doesn’t guarantee future results.
2. Some results are based on a Demo Account and is not based on real money. Results shown are not typical.
3. Income from my marketability Pollution account is based on commissions from Retail Sales Volume from our Products and Services. Results not Typical.
“A-TEAM”…No Man Left Behind: The Forex market is the market in which participants are able to buy, sell, exchange and speculate on currencies. The Forex markets is made up of banks, commercial companies, central banks, investment management firms, hedge funds, and retail Forex brokers and investors. The currency market is considered to be the largest financial market in the world, processing trillions of dollars worth of transactions each day.