Sunday, January 18, 2009

Forex - Fundamental Factors

Even though fundamental factors are not significant to the majority of technical traders, yet it is vital to spot risky and profitable moment in forex trading. We should not ignore the random effect that create the volatility of the market even though we know that every movement is bound to certain boundary in technical perspective.

Take for example during one day of trading there are plenty of fundamental news that is going to be release during that day. And mostly they consist of high impact on the market movement. The failure to take notice of the situation ahead may drive your trading day become very unpredictable due to the random effect. One of the most riskiest fundamental data is the Non-Farm Payroll data which can rip you off 200 pips or points within seconds.

So in this case no matter no matter how much you believe in the Technical factors, but you should not ignore the fundamental part of it.

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