Bill Poulos didn't get the response from everyone that he expected so he asked if he could come back and "really teach people what I know". So this time around he's talking about Fundamental versus Technical Analysis in the Forex markets. I also wanted him to give away some more free stuff so he's agreed to give away the chance to win a free copy of his soon to be released Forex Income Engine 2.0 course, enter here for free!
So please try to win a free copy of his course, and give him a warm welcome with the comments!!
Forex traders have today a wealth of information from which to evaluate and select potential trades (some would argue too much information). These markets are moved by two primary forces: Fundamental forces (balance of trade data, money supply, interest rates, economic and financial reports, etc.) and Technical forces.
While many traders advocate fundamental analysis-based trading, it should be argued that this style of trading is very difficult especially for people who have little time to trade (less than an hour a day), or who are new to trading Forex.
Fundamental analysis traders tend to be 'always on' -- or, day trading because it requires PRECISE timing to move with the markets. If you can't get to your trading platform the minute a 'surprise' report hits the newswire, you'll be too far behind the action to respond to it.