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  • View Poll Results: What do you read before you trade?

    Voters
    17. You may not vote on this poll
    • Economic News

      3 17.65%
    • Indicators

      3 17.65%
    • Both

      11 64.71%
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    Thread: Economic news vs Indicators

    1. #1
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      Default Economic news vs Indicators

      How many of us read economic news before making a major trade?

      How many of us use indicators before making a major trade?

      And how many of us use both before making a major trade?


    2. #2
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      Default

      As for me both items (news and indicators) are the sources of information and it would be silly to ignore one of them. But of course their influence on a trade decision can differ.


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      Default

      I use chart patterns, trendlines, support /resistance and fibo levels (technical) for my major trades.

      As for the news, I only trade its short term (immediate) effect.


    4. #4
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      i know nothing about economics :/

      even if i read the news i wouldnt know what it is about and how it would affect the market

      so at this time i ignore the news, i juts count on technical stuff that im trying to learn

      i just use Support & Resistance, Fibo levels, Trends, Channels and some Chart Patterns that i could detect


    5. #5
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      Default

      i know nothing about economics :/

      even if i read the news i wouldnt know what it is about and how it would affect the market

      so at this time i ignore the news, i juts count on technical stuff that im trying to learn

      i just use Support & Resistance, Fibo levels, Trends, Channels and some Chart Patterns that i could detect
      well in my opinion very good support and resistance to find out where and trends will at some point will experience retrace or reversal. if I also combine individual economic news with auto pivot to be sure:


    6. #6
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      Default

      I always use both before making any trades in forex trading. It is good since it can help us to know how to get our analysis to be more perfect in forex trading.


    7. #7
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      Everyday, before I make any trade, I make it a point to always check the economic
      calendar for any scheduled news for the day.
      As you know, if there should be any deviation of the actual news release from the
      expected value, there could be dramatic change in the short-term trend.
      You must watch out for this.


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      Even economic news is like a economic indicator and one should consider it for sure before trading.Also there are other market indicators one can consider.As I prefer to consider moving averages , relative strength index and fibonacci numbers.


    9. #9
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      Quote Originally Posted by kdeep View Post
      As for me both items (news and indicators) are the sources of information and it would be silly to ignore one of them. But of course their influence on a trade decision can differ.
      Economic news are the ones that gives us the indication so as to when to Buy the currency and when to SELL the currency.

      This is also important when we are considering the facts that many times we are not in sync with the general trends and tend to loose on our trades .


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    11. #10
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      I admitted I use indicator before making a major trade. since in the morning for the first time I do is open the chart and see where is the price and what indicator indicated. I also see the list of news that will out today. if it's high impact news I will noted the time and will try to avoid trading around that time.
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