This is what Forex traders won?t tell you

Posted by John Smith on October 31st, 2015

I am sure you have goggled about forex. In addition, I am certain that the sentence that you saw first is that forex is very easy. True forex is very easy; however, you must study it keenly. It is the same way a student who studies for exam, finds the exam quite easy. Forex traders will never tell you, you must walk your way up the ladder.

However, they are right. You might be given all types of forex trading signals and education but still loses money. These trading signals are programmed tools which show you how market was previous years ago. Moreover, you can predict the price trend by studying them they are programmed in a way that they can help you when to buy or to sell.

These tools are developed by programmers. Their main aim is to act as robots. However, you are privileged to set your own settings. This means you can manually operate this signals or better let them run automatically.  You got lots of alternatives concerning where you can get them. You can choose

• Free trading signals.
• Outsource from your local or freelance programmer.
• Buy them from your trading platform.
• Besides platform, there are forex forums where programmers and traders exchange their ideas.

There are two points that determine how those trading signals will be programmed. It is either technical or fundamental analysis. Technical analysis means that those signals will portray long and short period. They are flexible because you can choose the period that suits your need. Their examples include; ichimoku, candlestick charts, Reversal patterns, MACD .relative strength index and moving averages. Moreover, you are at liberty to use lines and flags when using them.

A fundamental indicator signifies how much a certain currency will be valued after a price trend. It is a system that evaluates present economic situations, contemporary government policies, and society conditions that affect normal business phase. Economic calendar is the only indicator in this group. This indicator is affected by;

• Any announcement of increased or decreased interest rates.
• Gross domestic product analysis-it causes the market to be volatile.
• Consumer price index signifies inflation of retail prices in the market.
• Employment analysis- this is a summary of how many jobs have been created in a year. How many people have been retrenched? These figures help in calculating the correct percentage of both scenarios.