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Economic News »

[16 Oct 2007 | No Comment | ]

The Construction Spending report must be one of the most underated economic reports and I have to admit, I have never bothered with it .Unless of course you are into construction and the construction labour market, it is of very little use to most traders.

Economic News »

[15 Oct 2007 | No Comment | ]

The employment report is probably the most important economic report fot the forex trader. I am very sure that the reader has come accross all those " How to Trade the Employment Report " forex gurus . I personally prefer the GNP economic report as it has more information but it only comes out quarterly.It is very important for the forex trader to know when it is released. For those that trade the employment report ,of course you don’t want to miss it. for pure forex technical traders like me, …

Forex Trade Setups, How To Trade Forex »

[14 Oct 2007 | 9 Comments | ]

When we discussed the top 5 ways To Improve your Mental Forex trading we saw that it is important to understand your trading system and from the discussion on how to setup a forex system # 4 we continue with the first indicator we shall be using.The Forex Fractals
What is a fractal
A Fractal is one of five indicators of Bill Williams’ trading system, which allows to detect the bottom or the top.
These basic fractals are composed of five or more bars. The rules for identifying fractals are …

Economic News »

[12 Oct 2007 | No Comment | ]

Following our forex economic calendar topic ,how does New Homes Sales affect you as a trader? Especially following what has been going on the the USA stock and USD markets, how will it affect you as a forex trader?
New homes sales are important to measure as significant changes in consumer spending often appears in autos and homes first. It is not shocking to see that new homes sales will normally be the first economic measures to turn up before an economic rebound and first to decline before a recession.

General Site News »

[5 Oct 2007 | One Comment | ]

Every week we come accross interesting websites and blogs and would like to share them with you.Some are funny others serious. As long as we can learn something from them ,we include them in the stumble threads.