1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

I am new to Forex!

Discussion in 'Hello and Welcome' started by universal eagle, Feb 11, 2008.

  1. universal eagle

    universal eagle Recruit

    Joined:
    Feb 8, 2008
    Messages:
    2
    Likes Received:
    0
    I have been demo trading for a whirl now and i think i know little things about trading.I am from Nigeria.Agbolahan Oladipupo by Name.Hope that peace army forum can be of help?
     
  2. universal eagle

    universal eagle Recruit

    Joined:
    Feb 8, 2008
    Messages:
    2
    Likes Received:
    0
    okay.

    My name is Oladipupo Agbolahan,i am from Nigeria.I mostly speciallized in offline business which i think is quit interesting but i have been in forex world for few weeks now.i have a little problem with the interpretation of peace army forecast.like the sentence "the market will move 90 pip"is it upward of downward????
     
  3. Pharaoh

    Pharaoh Colonel

    Joined:
    Oct 3, 2007
    Messages:
    19,634
    Likes Received:
    2,188
    The direction moved depends on the currency pair, the amount and direction of deviation from expectations, the amount and direction of any revisions (if present), other reports coming out at the same time, etc. News trading can be very profitable, but it also can get a little complicated at times.

    Spend a little time going through the old copies of the Daily Trading Signals, and pay special attention to the parts where the prior day's results are discussed.

    After awhile, it should become easier for you to determine which direction of deviation on a report should cause a currency pair to move up or down.

    Or you could decide to become a technical trader. :D
     
  4. yankeyoscar

    yankeyoscar Recruit

    Joined:
    Feb 18, 2008
    Messages:
    1
    Likes Received:
    0
    introducing

    hi every body....from yankeyoscar;)
     

Share This Page