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what can i do to master a specific currency news


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11 replies to this topic

#1 archerart

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Posted 07 May 2018 - 06:54 AM

you know for about 3 years i have tried to develop a strategy that has  a consistant profite or more profit than losese by any technical means i found that all the tchnicals works until fundamentals decide not to but the problem with fudamentals its not that it has the key to the future price movement but the huge size of it all
 traders found that its is easy to draw some lines and trends and indicators instead  of read all this news and try to understand where the price is really going
if we can seperate one currency from the others to master its news  such as if you do not trade exept usd/jpy master all the news about it and try to understand what its really going in the market
select only usd-jpy from the economic calender
 
the problem is the usd is not alone in the market it comes news about gbp and eur and aud and all the rest its affect me on my usd/jpy chart and remeber that i dont know about any news exept usd-jpy 
 
what can i do to master a specific currency news you know that it is hard enough to read about 2 currency if it was up to me i would make it one but they are in pairs 
feal free to answer from any market crypto oil gold silver stocks any market any thing on chart usd/jpy are just example



#2 shaileshm

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Posted 07 May 2018 - 08:27 AM

I would say fundamentals is more suited for loner term trading. For short BO , technical analysis will do the job. Just my 1 cent.


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#3 archerart

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Posted 07 May 2018 - 11:45 AM

I would say fundamentals is more suited for loner term trading. For short BO , technical analysis will do the job. Just my 1 cent.

my friend does any one know a closer strategy for what i describe  



#4 papabless

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Posted 08 May 2018 - 10:29 AM

If you want to learn about news then go to websites like forexfactory.com as they care about news more than people here on BOE.

People here will avoid the news 15m before and after, and that is all the interactions with the news they will ever have. Nobody here on BOE cares about news enough because of what shaileshm said.



#5 papabless

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Posted 08 May 2018 - 10:31 AM

Also check out babypips.com and their school of pipsology or whatever they call it. They touch on almost every subject of trading you need to get you started. Including news events, correlations, and stuff like that...



#6 papabless

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Posted 08 May 2018 - 10:34 AM

But seriously.. If you want to talk news, BO forums are not the best place to do so.


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#7 Tripack

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Posted 08 May 2018 - 02:53 PM

I would say fundamentals is more suited for loner term trading. For short BO , technical analysis will do the job. Just my 1 cent.


There is a difference between news and fundamentals, apples & oranges :)

#8 BOedge

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Posted 08 May 2018 - 03:01 PM

You are over-complicating things for BO. Even if news would create a strong price movement in a certain direction, inside that movement there can be erratic moments. What makes BO more difficult for some people is that it is not enough to predict the direction but that you must predict the direction at a certain time. So during news your prediction may be right in terms of direction, but the timing may be off.

With BO results tend to be more reliable when there are not a lot of unexpected erratic price movements and when things flow nicely. Both ranging and volatile markets can still be in a nice flow. Usually not during news though.

Why are you so set on news? If you have some success with it, for example if you get the direction right but not the timing then you might want to see if you have more success with forex, where you can stop the trade that is not working and keep a trade that works going until it is time to exit. You determine the exit with forex.

Then of course... if you have been trying for three years and you see no profitable results, perhaps it is time to abandon what you are trying to do and look for another strat.

I would not trade on news because it is impossible to get enough information to get the full picture, and there is no way to predict how the market will react because there is no way to predict how people will react. During Brexit analysts on both camps predicted that things would go either way with either outcome... My indicators perform better.

 


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#9 Tripack

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Posted 08 May 2018 - 03:24 PM

You are over-complicating things for BO. Even if news would create a strong price movement in a certain direction, inside that movement there can be erratic moments. What makes BO more difficult for some people is that it is not enough to predict the direction but that you must predict the direction at a certain time. So during news your prediction may be right in terms of direction, but the timing may be off.
With BO results tend to be more reliable when there are not a lot of unexpected erratic price movements and when things flow nicely. Both ranging and volatile markets can still be in a nice flow. Usually not during news though.
Why are you so set on news? If you have some success with it, for example if you get the direction right but not the timing then you might want to see if you have more success with forex, where you can stop the trade that is not working and keep a trade that works going until it is time to exit. You determine the exit with forex.
Then of course... if you have been trying for three years and you see no profitable results, perhaps it is time to abandon what you are trying to do and look for another strat.
I would not trade on news because it is impossible to get enough information to get the full picture, and there is no way to predict how the market will react because there is no way to predict how people will react. During Brexit analysts on both camps predicted that things would go either way with either outcome... My indicators perform better.

Yeah pretty useless with bins.
I spent a good portion of this year studying fundamentals, which is basically scaring me off from trading fx even, the more I get it...
The money is with fundamentals, there lies the big money making investments into some assets right ?
Currencies is just a tool to buy those assets, whatever the most interesting currency of the moment to do so.

Monkeys know currency too and once carrots do not work anymore they will switch to cucumbers to trade... the same asset.

News are more like minor shake within the fundamental drivers, maybe when it rains too much carrots will stay firm while cucumbers will flat out due to humidity but fundamentally the asset that all monkeys want does not lose value.
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#10 papabless

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Posted 16 May 2018 - 05:15 PM

Yeah pretty useless with bins.
I spent a good portion of this year studying fundamentals, which is basically scaring me off from trading fx even, the more I get it...
The money is with fundamentals, there lies the big money making investments into some assets right ?
Currencies is just a tool to buy those assets, whatever the most interesting currency of the moment to do so.

Monkeys know currency too and once carrots do not work anymore they will switch to cucumbers to trade... the same asset.

News are more like minor shake within the fundamental drivers, maybe when it rains too much carrots will stay firm while cucumbers will flat out due to humidity but fundamentally the asset that all monkeys want does not lose value.

 

ECOnomics 101


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#11 RyuHayabusa

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Posted 16 November 2018 - 08:17 PM

I think the best way to learn about news trading is by studying about macroeconomics and international finances to know how national macro accounts and different types of price rates changes currency behaviour. I recommend starting by macroeconomics. I think it's easier. There are some international financial books out there that covers even natural disasters' effects on exchange rates. Too much for me. At least for now...



#12 Storm

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Posted 17 November 2018 - 06:11 PM

Is this what you are looking for?

http://www.binaryopt...e-news-trading/


 





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