What Have Economic Indicators to Do with Forex Trading
Tags: economic indicators and forex trading, economic indicators are sometimes hard to comprehend, fundamental analysis is done through the utilization of these economic indicators, helpful to the market observers in monitoring the economy’s movement, leading indicator - Consumer Price Index, leading indicator - Employment Cost Index or the ECI, leading indicator - GDP or the Gross Domestic Product, leading indicator - the industrial product, leading indicator - the PMI or the Purchasing Managers Index, leading indicator - the Producer Price Index or PPI, Market investors also use these statistics in order for them to predict the path of the forex market, video - How to Interpret the Index of Leading Economic Indicators
dkoggerson1 on Fri, 16th Oct 2009 6:47 am
I am new in Forex. I want to know whether to buy/sell in a situation like this (unemployment data released) Trading EUR/USD
Actual Forecast Previous
300.000 330.000 325.000
In this case should I buy or sell.
Thanks
admin on Fri, 16th Oct 2009 1:20 pm
Even if the Forecasts look great there is always a risk involved when trading in Forex.
In your place I would consult some “old wolfs” that are trading themselves, and go
with the feeling in my gut. In any case – do NOT spend more than 5 to a max of 7% of
your available cash.