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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. #11
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      there were situation for us need to consider before we click on trade directly. it was important to plan then to execute the planning in trading... indicator is one thing need to be measure but news also give a highly impact for us to make trading decision. wrong analysis, means loss...there are no "luck" in trading.


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    3. #12
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      Sometimes I trade with just economic news

      Most of the times I use indicator to open any position.

      But the most used indicator by me is technical indicators.


    4. #13
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      I'm not going to say i use both because although sometimes i check the news but most of the times i focus on my technical analysis


    5. #14
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      Quote Originally Posted by forexsage View Post
      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?
      1 - almost never because Iam not classical scalper or classical intraday trader and
      even bigger market moving cant hurt me. In most casses if market goes against me
      it is just generosity of market to allow me to buy cheaper in previous direction
      (to add more orders in the same direction).

      2 - Always. Good technical indication incalculate fundamentals.
      Fundamentals and technicals are just two sites of the same coin.

      3 - Iam using both only before very big market movers (funcamentals).
      So - only few times a year. In general only technicals.


    6. #15
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      Well I always keeps an eye on the numbers coming... If you are trading intra day it's very difficult to keep track all the news and you wouldn't have any idea how this will affect the market. So I just look at the numbers coming especially when there is a sudden surge.


    7. #16
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      Economic news vs Indicators all its good..

      so i use it both. before open positions my indikators mas follow economic news.. if it differenct. not open positions...


    8. #17
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      I prefer to go through both of them before I enter into any trade.

      The first thing I do is to set my charts and do proper analysis and see what my indicators are showing me. Once I get a clear signal from technicals, I go to news websites where I check for any upcoming news event or any such news which could change the market direction. If there is any such news, I do not enter where as if there is nothing like that, I enter the trade.


    9. #18
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      if you're a technical analyst then you should make sure you do your analysis verywell however you can always check out for news event that could invalidate your analysis


    10. #19
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      off course i follow both news and indicator. news helps me to take long or short position. and indicator helps me ,when i should take the position.


    11. #20
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      I have to admit I haven't even checked for NFP updates in the last 6-8 months. This month I found out from third party traders their analysis and view on the NFP release. If they wouldn't have said it, I would have ignored it completely.

      Sometimes it messes up a trade by giving reasons for an otherwise completely unexpected reversal. Most of the time though, over 60% in my case, it helps the technical analysis reach it's goals. Makes sense though, most economic releases have been known for weeks before the announcement, and the information trickles out somehow. Also the overall sentiment of the market is more time right then it isn't. It's a predictable game overall. The management issues make it risky.


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