Forex
Trading Made
Easy!
Discover How To Quickly and Easily Profit From Forex Trading. Just enter your name and e-mail address below to download your free report!
What Is Forex Trading?
An Introduction To Forex Trading
Factors Influencing The Forex Markets
Forex Trading Vs The Stock Market
Choosing a Forex Broker
Forex Trading Breakthroughs
Trading Forex For A Living
Forex Killer
Forex AutoPilot Robot Review
Forex Trend Following
Forex News Reports
Forex Trends
Forex Trading Advice
Click here for more forex trading tips.
Discover How To Quickly and Easily Profit From Forex Trading. Just enter your name and e-mail address below to download your free report!
Quick Links
Top Forex Trading Articles
Highly Recommended
The Forex Power Strategy Course
Random Forex Tip
Don't keep count of your profits in your first 20 trades. Keep track of the percentage of wins instead. Once you know you can pick direction, profits can be increased with multi-plot trading and by using variations in your stops. In other words, now is the time to get serious about your personal money management.Click here for more forex trading tips.
Forex News Reports You Must Read
If you're going to be a successful Forex trader, then part of that involves learning what profitable Forex traders already know. One of the major movers of the Forex market are the economic reports of each nation.This isn't just restricted to the United States, either. Traders looking at the Yen, British Pound, Canadian Dollar, or Euro (or any currency, for that matter) will look at the economic news reports that are released by each of these nations.
There are many minor economic reports, some of which can spill over into the larger reports (look at the U.S. Housing bubble, for example), and while the "minor" reports are useful, this is going to concentrate on the big five, because these are the five major economic reports that will have the strongest and most immediate impact on the Forex market. These are also the five reports that are acted upon by the most traders, so being able to keep track of these are critical if you're going to be able to keep a finger on the pulse of the Forex market.
The five major economic reports to keep track of are:
1. Unemployment/Non-Farm Payroll ReportsUnemployment/Non-Farm Payroll Reports
2. Interest Rates
3. Consumer Price Index
4. Trade Balance (Deficits vs. Surpluses)
5. Retail Sales
No matter what you're trading, this is always one of the most important reports about a particular area's economy. A low unemployment percentage is one of the strongest indicators of a strong, robust economy. Likewise, the opposite also applies. A country with a large unemployment rate is going through hard times.
Surprises in anticipated unemployment numbers can have a strong effect on the Forex market, as well. For example, if the unemployment rate is expected to be around 6.5% for the nation, and the report comes out with 4.9%, then that nation's currency is going to strengthen thanks to the unexpected good news.
Interest Rates
Interest rate changes directly affect the strength of a currency. A higher interest rate will usually cause a stronger currency because it will attract foreign investors and traders. Interest rates are one of the BIGGEST key influences in driving a currency either up or down; especially since carry trades remain popular among Forex traders.
Consumer Price Index (CPI)
The Consumer Price Index is a monthly report that gauges prices across the country and compares it to salary. Basically this means it tracks inflation, which is a major factor in the health of any economy. A sudden jump in inflation is never good news, and in some nations (see Zimbabwe) it can be absolutely disastrous, so keep an eye on when these reports come out.
Trade Balance
The trade balance refers to a nation's trade surplus and/or deficit. This measures how much a nation exports versus how much it imports. A deficit means you bring in more than you send out, while a surplus is the opposite. Often times you may hear "trade deficit" referring to the United States, but this is not necessarily a bad thing - it depends on the situation and why the balance is tilted the way it is. This is also a monthly report in the United States.
Retail Sales
A nation's report of retail sales may be the best indicator of how the common person feels about the economy. In the United States this is a monthly report of how sales are going for individual businesses. Some parts of the year are going to be much busier than others. December, for example, will always be expected to have great retail sales because of the Christmas holiday.
Knowing what these reports are and how they affect the markets will help you make better fundamental decisions when trading the Forex.
And now I would like to offer you free access to a Forex trading system that is 89.1% accurate, so you can literally start trading the Forex today. You can access it now by going to: http://www.foreximpact.com/reports/89percent/
From Jason Fielder: Founder, ForexImpact.com
The most important tip I can give you is to...
...Have A Trading Strategy.
Without a trading strategy you're like a boat without a rudder. So I want to give you a free report to show you how you can start successfully profiting from the forex market. Does that sound good to you?
Great. The report is just around 47-48 pages, and is called The Beginners Guide To Successful Forex Trading. It covers in detail everything from basic background info on forex trading to more advanced material such as the 7 things to look for in a forex broker, which brokers to avoid, 3 different methods or strategies you can use to analyse the markets, plus theres a resource section so you can do further reading.
It's 100% FREE and is my gift to you for spending your precious time reading my website. All you have to do is type in your name and e-mail address in the form below and press the submit button. Once you've done that check you're e-mail to confirm your request (you should get a confirmation e-mail from us, open it and click the link inside - I need to know that you're human and not some robot.)
|
Enter your name & primary (valid) email address and learn how to trade for a profit! |
NB - I hearby swear under oath that I won't spam you, or sell, rent or trader your e-mail address. I realise that access to your inbox is your gift to me and I won't abuse it. You'll receive your free report from me straight away and I'll send you occasionaly trading tips, but I won't invade or overload your inbox like some marketing mafia. Deal? Great - just enter you name and e-mail in the form above and we you can learn which forex brokers to avoid straight away.