Business29 Oct 2009 03:20 am
opposed to price action trading
What are the basis of fundamental trading? It has to do with the fact that you use financial and economic news to make your trading decisions off of. A lot of institutional traders use this as opposed to price action trading. Instead of looking at charts to base your trading decisions off of, you have to keep your eye on what is happening in newspapers like Wall Street Journal. When news like the Non Farm payroll comes out, then you have to have some kind of expectation as to what kind of numbers, analysts are expecting, and what are the actual numbers.
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