Just a quick note: The new-look Trade on Track website is now up and running live, and you can get started with a free trial right now.
If you’re looking for a superior trading log for your forex trades (real software, not just a fancy spreadsheet) that can help you manage your trades, manage risk, increase trading discipline and basically help you improve your trading performance and profitability, then click the following link to register for a free trial now. www.TradeOnTrack.com/startnow – you have absolutely nothing to lose!
lends itself very well to the currency markets, so most forex traders use technical analysis as the predominant tool in their decision making process when taking trades.
Experienced traders also know that fundamentals cannot be ignored. In fact, if you’re swing trading or position trading, you really should be looking at the fundamental picture of the markets BEFORE you look at the technicals.
So how do you determine what affect various fundamental factors have on a currency, like economic news announcements and monetary policy decisions? You have to look at the affect these events have had on a specific currency historically
. And, it might not just be one news event that pushes a currency into a long-term trend, it might be a series of events spread out over a number of days, weeks or even months!
Trade on Track makes the process of tracking the importance and effect of news events simple, by allowing you to set up your own “news types” in the system, then record the various “news events” and the affect those events have had on a currency. The system can calculate an “importance” value for you, or you can override it with your own manual importance value.
To utilize these features in your trading today, register with Trade on Track
and start making your trading life simpler and more profitable.
Good luck and trade seriously!
Trade on Track