Baltic Dry Index / BDI

[forex2020]

The BDI is a price index for sea transport of solids.
It was established fairly recently in 1998 by the British company Baltic Exchange.
This is an average of prices on 26 shipping routes in the world of minerals, grains, and metals in particular.
It represents a valuable indication of the health of world trade, and intensity of economic exchanges. Thus, it greatly increases during the growth period, when countries like China recently, import raw materials, mining, such as cereal. On the contrary, in times of economic crisis, when these imports decreased in 2008 as it corrects much.

[golden]

I prefer to play in the forex as hard if I have to access the news with my index and how it works is not clear

[fxasia]

The Baltic Dry Index is a number issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the index tracks worldwide international shipping prices of various dry bulk cargoes.

The index provides investors and others with an idea of how much it will cost to move major raw materials by sea (in bulk, hence the name). Taking in 26 shipping routes measured on a time-charter and voyage basis, the BDI covers Handymax, Panamax, and Capesize dry bulk carriers shipping a plethora of commodities - including coal, iron ore, and grain.

[alexon]

it difficult to analyze. let alone an index I find it difficult to perform this kind of analysis in addition to the news that I got very little so it is difficult to analyze

[kashifrehman]

Individually we cannot trade on the base of this index and many of traders are not aware with this index. In stocks this matter because there are many firm that related to the business which get effected by this index so if you are trading stocks then this index really matter there.

[Borhan]

It is very importent forex indicator. Every forex trader want to use a goo indicator. So for them this indicator is very usefull. Every forex trader can use this indicator easily.

[Arief Makmur]

In my opinion, the BDI Index can be a reference for Swing to Positioning Traders and not suitable for Daytraders and Scalpers.

Here's the data from BDI Index : http://www.bloomberg.com/quote/BDIY:IND

[sharabela]

Nice to get some information about an organization which might have some relation with Forex market to some extent. However, would have been better if you had given more detail about this. I am looking forward to getting more update if you have enough time do that.

[meril]

The BDI is a price index for sea transport of solids.
It was established fairly recently in 1998 by the British company Baltic Exchange.
This is an average of prices on 26 shipping routes in the world of minerals, grains, and metals in particular.
It represents a valuable indication of the health of world trade, and intensity of economic exchanges. Thus, it greatly increases during the growth period, when countries like China recently, import raw materials, mining, such as cereal. On the contrary, in times of economic crisis, when these imports decreased in 2008 as it corrects much.

I've heard this indicator. Is this indicator in the meta trader?? Maybe someone can share this indicator ...
Or at least give the picture on this indicator and how it works.

[meong]

I never hear of use Baltic Dry Index or BDI
is that kind of forex indicator?
it use words Index, or that only to play and predict on index ??
from your explanation it seems like news.. is that on fundamental analysis?
i really dont have any idea of this