I recently came across a post in the popular Forex Factory forum and the trader explained that he could not make money because it was impossible to do it in the world of Forex. I did not have a chance to respond to the thread but felt bad for the guy. I felt bad for him and thousands out there that feel the same way. Why? Because it does not have to be that way. In the most liquid and available market in the world to not be able to make money is a shame. If you practice just a few basic principles you should be able to routinely make money in Forex as well as any other market be it stock, options, or commodities.
I do not have time to go into it here but there is a link at the bottom of the page that leads to an All in One Forex training hub. It features regular articles on how to trade and strategies that work as well as a FREE book for those interested but for now let's take a look at the Forex Factory Calender and how it can make you money.
The Forex factory calendar is a report that is made up of fundamentals from the currency market. With the calender you will get a complete look at the currency market. The calender gives a very thorough report on what is coming out in each currency and the reports have comments on them that can help you to get an edge.
Here is the all important question: Does the Forex Factory Calender really matter or is it helpful? The answer is yes and no. Yes, if you are into trading the currencies based on fundamental analysis then it is a nice guide. No, the Forex Factory Calender is not really helpful because technical analysis is proven to be more effective in currency trading. If you are looking to buy and hold then the fundamentals are very important but if you are looking to make money quickly then you need good technical indicators and a good reliable trading software that provides effective trading signals.
Make a Killing Trading Forex! Forex Winning Strategy is the place to visit.
Your One-Stop Shop for everything Forex! Scalping Forex is the place to visit.
I do not have time to go into it here but there is a link at the bottom of the page that leads to an All in One Forex training hub. It features regular articles on how to trade and strategies that work as well as a FREE book for those interested but for now let's take a look at the Forex Factory Calender and how it can make you money.
The Forex factory calendar is a report that is made up of fundamentals from the currency market. With the calender you will get a complete look at the currency market. The calender gives a very thorough report on what is coming out in each currency and the reports have comments on them that can help you to get an edge.
Here is the all important question: Does the Forex Factory Calender really matter or is it helpful? The answer is yes and no. Yes, if you are into trading the currencies based on fundamental analysis then it is a nice guide. No, the Forex Factory Calender is not really helpful because technical analysis is proven to be more effective in currency trading. If you are looking to buy and hold then the fundamentals are very important but if you are looking to make money quickly then you need good technical indicators and a good reliable trading software that provides effective trading signals.
Make a Killing Trading Forex! Forex Winning Strategy is the place to visit.
Your One-Stop Shop for everything Forex! Scalping Forex is the place to visit.
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