Yes you heard it right - "Your Opinion Counts"
On this thread, we will have an interactive discussion on the markets, we will research both the fundamental aspects and the technical aspects and try to locate the market mood.
And in addition to this we will work on learning all the minute aspects of trading, and reading the charts along with how to correlate the fundamental news with the technical aspects.
The Plan:
Each day at the beginning of each session, I want you to post your views on the news events which will be released during the session, the previous news release and what was its effect, and the current expectations on what is to be expected and why.
I need a proper discussion on this, and i want each one of you to share your viewpoint on this, on each session.
After this, we will try to look into the technical aspects on what is the current market mood.
The forex markets moves based on world economic conditions and the factors of supply and demand.. An excellent writeup is given on wikipedia here
http://en.wikipedia.org/wiki/Foreign_exchange_market
The Currency Pairs:
You will decide what our discussion should be on, we will take it one by one and try to work on reading the market expectations.
I cannot concentrate on GBPJPY alone, as traders with small accounts or newbies are at maximum risk if they touch it.
We will look into any pair you suggest.
The Objective:
Plain and simple, to teach you how to read the market sentiments and trade accordingly.
You are free to use whatever trading method or system which suits your risk appetite, its your choice.
So, friends, lets get on with it as a team.
BS on this thread will not be tolerated at any cost, so if you guys find anyone attempting to sabotage the thread. You are free to decide what to do with this person.
On this thread, we will have an interactive discussion on the markets, we will research both the fundamental aspects and the technical aspects and try to locate the market mood.
And in addition to this we will work on learning all the minute aspects of trading, and reading the charts along with how to correlate the fundamental news with the technical aspects.
The Plan:
Each day at the beginning of each session, I want you to post your views on the news events which will be released during the session, the previous news release and what was its effect, and the current expectations on what is to be expected and why.
I need a proper discussion on this, and i want each one of you to share your viewpoint on this, on each session.
After this, we will try to look into the technical aspects on what is the current market mood.
The forex markets moves based on world economic conditions and the factors of supply and demand.. An excellent writeup is given on wikipedia here
http://en.wikipedia.org/wiki/Foreign_exchange_market
The Currency Pairs:
You will decide what our discussion should be on, we will take it one by one and try to work on reading the market expectations.
I cannot concentrate on GBPJPY alone, as traders with small accounts or newbies are at maximum risk if they touch it.
We will look into any pair you suggest.
The Objective:
Plain and simple, to teach you how to read the market sentiments and trade accordingly.
You are free to use whatever trading method or system which suits your risk appetite, its your choice.
So, friends, lets get on with it as a team.
BS on this thread will not be tolerated at any cost, so if you guys find anyone attempting to sabotage the thread. You are free to decide what to do with this person.