Looking for book recommendations on Fundamental Analysis -
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thread: Looking for book recommendations on Fundamental Analysis

  1. #11
    Junior Member Emilio1616's Avatar
    25
    Hello.

    this is like cheating...I think that it will be better for those who knew how fundamentals work on your step by step, 1 account blown after a second (demos) etc. This is precisely what I did because I don't trust anyone. It took me 1 year, but it had been worthwhile. And another thing: it is useless to comprehend why eur/usd such as goes up or down because you may see some interventions on the market also. . .your whole undertanding won't be worth two dimes. It is best to go with your intuition for the moment. In time you'll notice the results: 1. Accounts...
    Bluntly put: This topic isn't about talking whether reading and learning may or may not be helpful for forex-trading. I just ask for recommendations on books about fundamental analysis in forex trading. Consequently, if someone wants to share her/his (preferable good) experiences with certain books, I would be delighted to know about it.

    Also I don't like being called a cheater because I wish to read novels about and also to correctly grab fundamental analysis.

    Since ultimately each trader is an individual person it's all up to the given individual to decide how s/he approaches trading and finds her/his way. Your way is 'try and error', my way is learning, understanding and executing the knowledge combined with error and effort. Both methods are equally valid and may prove to be equally strong. So I would not wish to challenge you or your method; but let me put it this way: I'm not the type of person basing decision on 'nothing' but my courage or inner feelings or unsure encounters ... Thank you.

    Best wishes!
    Curtis

  2. #12
    Curtis,

    Fundamentals are only applicable to long-term egies (months/years). They've limited usefulness on whatever is shorter than a weekly basis. Nonetheless, IMO, fundamentals are rewarding to understand.

    No need to invest in books when there are lots of valuable FREE online resources.
    Simplified Forex Fundamentals - http://fxtrade.oanda.com/learn/intro...ntal-analysis/
    Detailed Forex Fundamentals - http://www.informedtrades.com/f7/
    Forex Weekly Fundamental Reports - http://www.actionforex.com/analysis/...-fundamentals/
    NewsNow - http://www.newsnow.co.uk/h/World News
    Geo-Economic Data - http://www.tradingeconomics.com/

    One book I find extremely technical (without being academia) is
    http://www.amazon.com/Trading-Interm...f=cm_lmf_tit_6 - John J. Murphy
    Other similar substances are
    . . Currency Trading and Intermarket Analysis - raf Laidi
    . . Intermarket Trading Strategies - Markos Katsanos
    . . Released papers by Ray Dalio

  3. #13
    Junior Member Emilio1616's Avatar
    25
    Hello.

    @kokopelli: Thank you so much. I highly appreciate what advice you discussed here. Notably informedtraders(dot)com helped me a lot.

    Best wishes!
    Curtis

  4. #14
    Junior Member Oxnzanares's Avatar
    21
    Curtis, Fundamentals are only applicable to long-term egies (months/years). They've limited usefulness on whatever is shorter than a weekly basis. However, IMO, fundamentals are worthwhile to know. It's not necessary to spend money on books when there are plenty of valuable FREE online resources. Simplified Forex Fundamentals - http://fxtrade.oanda.com/learn/intro...ntal-analysis/ Thorough Forex Fundamentals - http://www.informedtrades.com/f7/...
    Thank you for sharing KOKO

  5. #15
    Curtis, Fundamentals are only applicable to long-term egies (months/years). They've limited usefulness on whatever is shorter than a weekly basis.
    Not Correct. I rely heavily on fundamentals, and the majority of my transactions continue 2 - . Some economic events are already priced into the market, a few trigger price to spike and readjust itself within a few seconds, some trigger slow shifts over a few days, and a few trigger long term trend changes. The specific same event happening in various economies will also have distinct consequences. The trick to fundamental analysis is understanding which events have which effects on which currencies in various situations, and why. Sounds impossible, but as soon as you get into it is easier than it seems, particularly in the event that you begin studying only a couple of currencies.

  6. #16
    Junior Member Emilio1616's Avatar
    25
    quote Not true. I rely heavily on fundamentals, and the majority of my transactions continue 2 - 5 times. Some economic events are already priced into the market, a few trigger price to spike and readjust itself in a few seconds, some trigger gradual shifts over several days, and a few trigger long term trend shifts. The exact same event occurring in different markets will also have different consequences. The trick to fundamental analysis is learning which events have that effects on which currencies in different situations, and why. Sounds impossible, but after you get into...
    I agree.

  7. #17
    quote Not Correct. I rely heavily on fundamentals, and the majority of my trades last 2 - 5 days. Some economic events are already priced into the market, a few trigger price to spike and readjust itself in a few seconds, some trigger slow shifts over a few days, and a few trigger long-term trend shifts. The exact same event occurring in various markets will have different consequences. The key to fundamental analysis is understanding which events have which impacts on which currencies in various situations, and why. Sounds impossible, but after you get into...
    Not meant for this post to be argumentative, but based on what I currently do and understand, I suppose we just have to agree to disagree...
    My articles are from my own experience, but I do acknowledge that there are several different ways to skin the . And I am sure your manner is fantastic for you.

    For what I am doing, using M30 and holding for several hours to a few days...I absolutely see no demand for FA, since it makes my life and decision making procedure unnecessarily more complex. I simply lighten up my heaps or remain on the sideline throughcliqforexred news times.
    Even when I am trading H4 and holding for several days to a couple of weeks...I don't see a demand for FA. . .as I don't use it in this scenario either.
    Now, if I am trading D1 and holding for several months (which I am currently not), then that would be a somewhat different story. Even then, I don't see FA as the main element for my own decision making process, as I am in the camp of price action precedes fundamentals because I feel that smart money (hedge funds, etc.) trades on anticipations (constantly frames).

    Hopefully, someone might get some helpful info in my articles and from the links that I had provided, just as I did from your subscribers which came earlier. Again, to each his own since I can only talk about what I understand from what I am currently doing. But I also know my opinions (this remark on FA) might change in the future as I accumulate more knowledge. In the long run, it really does not matter as long as you wind up with more money than you had before (with reasonable draw-down, of course).

    BTW, trendy signature and username...

    Here is my response to this...
    ___________________________________ ___________________________________ ___________________________________
    DISCLAIMER I simply spewed that out. I don't remember. It simply sounded great when I wrote it.

  8. #18
    I agree that using FA on timeframes under 4h is not useless. On a 30m chart, the fundamental themes I exchange seem to get swamped in the noise of specialized traders. I have just been studying fundamentals for around 6 weeks now - I'd throw a few moving averages over a daily chart, wait for a tendency to grow, then take trades just in the direction of that trend. And it worked. But when I started after fundamentals I soon realised that those tendencies were always driven by fundamental topics and events. A fashion, as seen on a chart, is nothing more than the technical manifestation of a fundamental change in comparative price. Therefore 'trading with the trend' and 'trading fundamentals' are almost synonymous, at least in regard to the manner I personally see the markets. The difference is that while viewing a fashion unfold is much easier than studying FA, it's telling you exactly what price has done, like a lagging indior. FA is much tougher than looking at a couple of ema's to ascertain the tendency but it leads into trends rather than following them. Just examine the current big moves occurring in USD, AUD and JPY - calling these tendencies before they started would have been impossible for a technical trader, as a fundamentalist it was just like studying a playbook then watching it unfold. The frigging Prime Minister of Japan told us exactly what was going to occur to JPY, but many traders ignored him and kept staring at indiors wondering what the fuck was going on. I could not imagine myself return to being a specialized trader.

  9. #19
    Member angel's Avatar
    46
    Fundamentalist is normally for somebody who bought the shares and dropped but afraid of cutting lost afterward holding the portfolio eternally .
    Which basically challenging the wellness of ur customers.

  10. #20
    Senior Member jotean's Avatar
    146
    fundamentalist is normally for somebody who purchased the stocks and lost but afraid of clipping missing then holding the portfolio eternally . Which basically hard the health of ur clients.
    Your post sorry made me lough.
    Fundamentals induce the engine.Its the fuel.When bank of Japan cut interest rates or lately Aussie obviously on both accounts powerful reactions were anticipated
    and informed traders should of sold both instruments.When Bernanke states Feds will scale out QE by mid 2014 then anticipate a reaction which is happening as I type.
    I'm more of Fundie trader then tech.To me charts come after the event.
    Regards

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