Forex Fundamental Analysis - You Don't Need It

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No Nonsense Forex

No Nonsense Forex

Күн бұрын

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@NoNonsenseForex
@NoNonsenseForex 6 жыл бұрын
I'll try not to wait too long before the Trading Forex News video comes out. I get asked about it a lot, but there are a few others I want to get out first.
@johnathangrey3463
@johnathangrey3463 5 жыл бұрын
Lol. "You can go blow a big harry...." (Lmfao!)
@blacklist7564
@blacklist7564 5 жыл бұрын
Hey, Vp. Can you do a video on the best brokers to use.
@tomscrow1300
@tomscrow1300 5 жыл бұрын
@@blacklist7564 kzbin.info/www/bejne/rGnChZSLdsZqe8k
@lvlr.vulnerable2509
@lvlr.vulnerable2509 4 жыл бұрын
Most of things you have said about news media are correct, but keep in your mind if you trade swings, then you need to be aware of fundamentals due to the fact that major trends in any market including FX are driven by the fundamentals. It doesn't mean you drown yourself in round the clock financial news reports, but try to deeply understand the major events and macroeconomic statistics in order to correctly identify major trends and more importantly identifying trend reversals or corrections.
@techguide1583
@techguide1583 4 жыл бұрын
Where to get the calendar that you mentioned in the video??
@reidingpips3984
@reidingpips3984 5 жыл бұрын
Iv been trading FOREX for 2 years now, Finally at the point where im leaving my job as an engineer. Best advice I could give is DO NOT GO LIVE, Stick to your DEMO until you have a strategy which works. Have a long term mindset and compound your account. project it over a year or so and meet those daily goals. Greed will make or break you in this game, I wish everyone the BEST OF LUCK !!
@jermaineroberts1212
@jermaineroberts1212 5 жыл бұрын
Reiding Pips I’m actually switching my mind set up I used to just scalp now I’m working on long term trading
@syk-8031
@syk-8031 4 жыл бұрын
@non important what psychology? when u have your strategy and money management in check there's 0 psychology involved
@c06352110
@c06352110 4 жыл бұрын
What about alpha decay
@saimawilliams5835
@saimawilliams5835 4 жыл бұрын
I went live but practiced on demo before i started.A good way to use demo account is to first blow your account to the amount you know you will first deposit therefore you know how to manage it.For me i blew on the 3k demo account till 15 dollars so that i won't just trade for the sake of trading.It has worked fantastic after two weeks i made my first deposit and i can say im in a good path,especially following my plan and risk management which is the most important thing.I don't believe in blowing accounts if you use a risk management plan
@familyaccount2467
@familyaccount2467 4 жыл бұрын
@@syk-8031 that's actually not fully accurate as people get frightened when they see the price going the wrong way which may lead them to beaking their trading plan. The psycholofgy part is basically sticking *to* your trading plan.
@lvlr.vulnerable2509
@lvlr.vulnerable2509 4 жыл бұрын
Most of things you have said about news media are correct, but keep in your mind if you trade swings, then you need to be aware of fundamentals due to the fact that major trends in any market including FX are driven by the fundamentals. It doesn't mean you drown yourself in around the clock financial news reports, but try to deeply understand the major events and macroeconomic statistics in order to correctly identify major trends and more importantly identifying trend reversals or corrections.
@victornyamu2547
@victornyamu2547 4 жыл бұрын
Exactly. ALL major trends are based on fundumentals.
@agapheputrasusilo741
@agapheputrasusilo741 2 жыл бұрын
Yes i agree but all of those can be seen using monthly and weekly timeframes. As long as you have right entry price and proper lot size, there is no problem at all
@vinsanity982
@vinsanity982 3 жыл бұрын
I never become profitable until I learned fundamental analysis. I'm not a dumb guy, my IQ is about 140. I tried my damnedest to make money using technical analysis. At a certain point, I bought a university level book on currency forecasting and the first time Implemented it, I became profitable. I still integrate technical analysis for entries and exits. But I found it very helpful to have an understanding of what was happening in the long term. So to each his own, do what works for you. I'm not saying that you can't make money on technical analysis, I'm just saying that it didn't work for me by itself and you should definitely learn FA either way as the knowledge is only going to help
@_kap2653
@_kap2653 2 жыл бұрын
Can you pls tell me what book you bought?! 🙏
@razial5745
@razial5745 2 жыл бұрын
Yeah man the book title?
@judasmoyane3942
@judasmoyane3942 2 жыл бұрын
True bro . I also i also compare GDP, interest rate and inflation of the two countries thé get a general direction of the pair Im trading then use technical analysis to trade . I will say professional traders incorporate fundamental analysis on their trade . But when you read the Market Wizard book . Paul Todo Jones and others elite traders where only trading technical analysis. So do what’s works for you.
@erinok_vibes
@erinok_vibes Жыл бұрын
Your actually dump because , your indirectly saying people below 140 are stupid
@ArushenKaylenThaver
@ArushenKaylenThaver 9 ай бұрын
Yeah but if you trading major pairs with high news . Like cpi and nfp . Come on . The news does not drive the market . The banks drive the market where they want it. U just getting lucky with they martingale strategy to hype and then swipe. But if it works for you. Who am I to judge. Stick with it❤️
@chuckletvproductions8668
@chuckletvproductions8668 2 жыл бұрын
I literally typed in exactly what you said, watched five minutes of the first video and then immediately typed “no non sense forex” after. You are the man thank you, you saved me from a 45 minute video 💪🏾🙌🏾
@rahulchahal5360
@rahulchahal5360 6 жыл бұрын
Absolutely agree. I can quote multiple instances when news was bearish Euro including Draghi press conference but Euro rose for several minutes or even a day in February. Then out of the blue EURUSD goes down. I realized that big banks determine the “when”. So best to stay away from trading news and trade levels. But now with your knowledge sharing I’ll be able to up my trading.
@aL3CnR
@aL3CnR 4 жыл бұрын
I've been trading for 2months and i kinda felt everything you said in this video i just wasn't sure.. i needed to hear these words from a pro and here we go ::D thanks man
@yikesman8618
@yikesman8618 4 жыл бұрын
Please folks take everything this guy says with a grain of rice. Any intelligent Trader knows that fundamentals in combination with technicals is consistent with a highly profitable strategy. Watch top Traders on KZbin this guy is actually educated in this area.
@Fridrichable
@Fridrichable 6 жыл бұрын
You realy changed my trading style now i'm forever making profits, thanks a lot.
@lionelperez6635
@lionelperez6635 6 жыл бұрын
Bro...I swear it's great that I finally see someone make a full video on you don't need fundamentals....the funny thing is I only watched 2 minutes and stopped because just the pain I went thru in the beginning spending endless hours of watching Bloomberg and trading and losing and then learning technical analysis and winning I felt like I was being played to the 3rd power.....I love your money management video and Atr video...thanks s million bro...keep up the great work 🙏
@NoNonsenseForex
@NoNonsenseForex 6 жыл бұрын
It's crazy, when I first started the channel I had always wondered if anyone else was seeing the same things I was here. I couldn't be the only one, right? No way. 1200 subs later...
@lionelperez6635
@lionelperez6635 6 жыл бұрын
lol...exactly...cheers bro.....we elevated thru the matrix
@valuetainer3437
@valuetainer3437 Жыл бұрын
fundamental analysis is kinda like the blue pill of trading, Technical analysis is king, the only thing about fundamentals you need to be aware of is that they just add more volatility to price action, that's it, so you need to know when some news will be released, other than that, stick to your analysis [technical!] and that's it, I also recommend you guys to watch a video by alesio rastani titled "The Secret that Top Traders DON'T Want You to Know" in which he also breaks down how fundamentals are BS!
@ronakjadhav8015
@ronakjadhav8015 2 жыл бұрын
Yeah you are the only one who tells the truth 👌👍 i waste my one month on learning fundamental analysis and end of the month i saw your video 🤦‍♂️ i waste my whole month thank you for this advice ❤
@tptrading_23
@tptrading_23 3 жыл бұрын
I thought I wasn't a real trader since I depend 95% on my technical analysis lol. This video makes me feel good. I appreciate ya!
@amirhossein6801
@amirhossein6801 4 жыл бұрын
actually really helpful content included in this video. i’m so happy to find you. please go on none stop. let’s watch other videos
@karips49
@karips49 4 жыл бұрын
This was actually my first NNFT video. Thank you do much VP, for every single thing
@abdel5244
@abdel5244 5 жыл бұрын
understanding and following the fundamentals of Forex is vital. How will you explain the reason why EURCHF back in 2015 crashed from a technical standpoint ?
@earlbenders1027
@earlbenders1027 4 жыл бұрын
Just one peak at the chart and its correlated pairs and it made sense to me...
@hafidza.p8584
@hafidza.p8584 3 жыл бұрын
@@earlbenders1027 roasted
@sureyyacook7194
@sureyyacook7194 5 жыл бұрын
You know what VP I have been watching you're videos and you said in one of them never trade the news so the next day there was some news (don't remember what it was, but that's not important) but the news was going to be exactly at 9 o'clock and the days following again 2 more news at a specific time. So I watched what happened and also the sentiment IG site you gave, people were long on the dollar and gold and guess what the minute the news came out, but literally the minute, gold plunged and the dollar plunged and everyone I knew was saying after these news gold will go up, but it happend exactly the opposite, I was shocked, this just showed me that this is just another sign of bigger people (BANKS) manipulating. just wanted to share this with you, it was just another reason why I am a big fan of yours you absolutely make sense. you are really no nonsense. So thank you again I watched so far 15 videos and still going.
@sureyyacook7194
@sureyyacook7194 5 жыл бұрын
I will only follow the news so I don't trade them at that specific time. I will follow first and watch what happens afterwards is that way correct VP?
@jaybunny11
@jaybunny11 5 жыл бұрын
just some clarification. the main point you seem to be making is that we dont need fundamentals at all, that they are a waste of time. but, you did also say you have a news calendar or that forex factory website that you do use to stay up to date on major news events sooo you're technically using fundamentals in you daily trading. therefore, they're not completely useless , am i right?
@lungeloshandu6459
@lungeloshandu6459 4 жыл бұрын
You are so right. I have never traded fundamentals before and i will never. Waste of time. Trading Forex is so simply without them.
@joaocosta3594
@joaocosta3594 4 жыл бұрын
Hi VP! I´m going through all your videos from oldest to newest, and loving it! About this one in particular, let me tell you that beside traders and Investors there´s something in between! i would call it "tradesters", and that´s what i am. A tradester is on top of events and of it´s own trades daily, like traders do, but at the same time not afraid of not getting it´s profit in a matter of minutes or hours. I developed over the years my own way of doing it, and it work for me most of the times. This might sound foolish, as i never heard anyone talking about this way of going into the forex market, but it makes sense to me! Foolish but happy, and not broke! That´s me! Thanks for reading this, if you will...
@boylesmono5764
@boylesmono5764 2 жыл бұрын
I always think it's good to learn plethora of tools, and understanding the concepts behind them. We might not use it here, but understanding how something works will helps us learn other things of similar nature.
@Youarturo
@Youarturo 5 жыл бұрын
Good morning VP; I totally agree with your point of view on Fundamentals and Economic News. Now, as a Trader; and knowing the influence Central Banks ( Fed, BOE, BOJ, ECB ) have in FX thru Interest Rates; their statements and policies, as a Trader; are something to follow to give you a "BIAS" for the next 1 to 3 months ??? ... thank you for this video and all the work you do to make us "better" traders and human beings; yes as you are showing us what itreally means to "give" for the benefit of the masses ... Cheers !!!
@Youarturo
@Youarturo 5 жыл бұрын
Hi there; thank you for the "heart" !!! ... btw, do you have no comments on Central Banks Monetary Policy and my take as a Trader ? ... please dooooo !!! : )
@cadeem88
@cadeem88 4 жыл бұрын
I was trading the news and it went against me, almost blew my account. It doesn't work. Lesson learned.
@animatedmovie7266
@animatedmovie7266 4 жыл бұрын
you damn right, i once traded following news, that has no sense, a positive impactfull news, but the currency went down anyway, so i said no damn new needed.
@khayafolokwe5164
@khayafolokwe5164 3 жыл бұрын
This was sort of a relief for me because I wanted to start learning Fundamentals. Thank you for the advice
@sahandrahmani9213
@sahandrahmani9213 3 жыл бұрын
Learning fundamental data of macro or micro-economics is so enjoyable. Don't expect to learn it in a few months or learn it because you need to earn some dollars. economies are based on science so rockets don't fly without any science behind them. You need to be an expert to get a boost for your financial life. So read as much as you can even 30m a day and enjoy. especially in forex, any information can help you in long term :)
@melanyveii5910
@melanyveii5910 3 жыл бұрын
LEARN IT! trust me
@hafidza.p8584
@hafidza.p8584 3 жыл бұрын
@@sahandrahmani9213 any tips about how to start learn it
@archravenineteenseventeen
@archravenineteenseventeen Жыл бұрын
​@@melanyveii5910 nothing to learn in fundamental. In fact I avoid news altogether.
@kingi34
@kingi34 5 жыл бұрын
It hurt me more than It Assisted me,Until I put it aside.Volume is much more Effective.
@2321brendan
@2321brendan 6 жыл бұрын
Bottom line, think like a bank trader!
@denieerham5873
@denieerham5873 5 жыл бұрын
i wish i could give you more like mate
@johnathangrey3463
@johnathangrey3463 5 жыл бұрын
You're both wrong. Think like VP.
@Freshbngwtr
@Freshbngwtr 5 жыл бұрын
Bank traders use fundamental analysis as well
@kgothatsobojosi2377
@kgothatsobojosi2377 4 жыл бұрын
@@johnathangrey3463 wat is vp
@weedward4209
@weedward4209 4 жыл бұрын
@@kgothatsobojosi2377 0:16
@magiczeroone
@magiczeroone 6 жыл бұрын
Thank you, VP, for this eye opener. You make it crystal clear what the "so called" news really have to say...nothing. I kicked all those news channel abos and I really feel better. In the retrospektive I can say that none of them was worth the time I have spended. There is an overload of information that is useless for trading. None of them supported me in my trading business, but they were really helpful in confusing… Thanks again VP and I am looking forward to your next video and podcast.
@diegozavaglia2969
@diegozavaglia2969 5 жыл бұрын
Fundamental analysis is not properly trading the news events.. I think many people have a confuse idea of what fundamental is.. Fundamental drives the market, with interest rates etc.
@rayern1982
@rayern1982 6 жыл бұрын
New to forex here and your videos, podcasts and blogs just smashed whatever i learned in babypips to pieces. I was really going to trade live soon and all this just yelling at me to pull my horses because i am gonna to lose every single time against the big banks.
@On3Thought
@On3Thought 6 жыл бұрын
Babypips shows you how to buy the breakout.
@DannyKingston14
@DannyKingston14 5 жыл бұрын
Top traders (youtube channel) punching the air right now
@NoNonsenseForex
@NoNonsenseForex 5 жыл бұрын
LOL, they're very good at what they do, I just disagree.
@xxl_foundation
@xxl_foundation 6 жыл бұрын
Let the crowd keep driven by their hopes... Price won't change their direction. Just be objective, and... cheers~
@bossesyoh124
@bossesyoh124 4 жыл бұрын
Dr. Link true
@asadkhan-cz2zt
@asadkhan-cz2zt 5 жыл бұрын
hey sir . i am not exactly sure how you do forex . everyone tells his strategy about trading . what is your strategy what do you exactly prefer to do forex . i am pretty inspired from you but where i am confused is how exactly you do forex.
@dennisdavis9602
@dennisdavis9602 2 жыл бұрын
That's exactly what I've been wanting to know also!! He explains well about the USE of certain tools or strategies. But never says a word about how he does it! He never shows what to do. It's like he's just giving us knowledge of trading, but hasn't mentioned anything on How To Trade Forex!!
@fpsrush5478
@fpsrush5478 Жыл бұрын
​@@dennisdavis9602 he's not your teacher🤷🏽‍♂️
@hali2375
@hali2375 6 жыл бұрын
Thank you again VP. God Bless! I really hope in future you come out with some merchandise like t shirts and hoodies etc in a way of supporting your channel and blog! "each one teach one" you're doing it perfectly! Always have my support! :)
@UncleYok8
@UncleYok8 6 жыл бұрын
THIS IS FANTASTIC 🔥🔥 VP YOU'RE THE MAN 💯🙏
@PretentiousNoob
@PretentiousNoob 4 жыл бұрын
Do you receive a kick back from any trading platforms?
@chuchu7474
@chuchu7474 6 жыл бұрын
I like what you talking ,nice to know I'm not crazy.
@jemuelmundiz3268
@jemuelmundiz3268 4 жыл бұрын
thank you No Nonsense Forex, this video is very informative and straight forward. this helps us understand as a new Forex Traders.
@luqui633
@luqui633 5 жыл бұрын
LMAO on some images you put, congrats on that as well VP!Amazing content as always!
@firefield28
@firefield28 2 жыл бұрын
Go live but micro lots 0.01. there's nothing like building your mental resilience through the actual threat of loss - but relatively small losses. Only when you're invested do you understand the pain of seeing a position move against you and then, you learn to catch yourself...and demo trading charts are apparently different from live trading ones. Apparently.
@ManiNassah
@ManiNassah 4 жыл бұрын
You got a sub man! love and respect from Pakistan! #ONE
@70sRocks
@70sRocks 5 жыл бұрын
The ONLY viable way to use fundamental analysis is NOT TO TRADE when 'important' indicators are coming out; such as non-farm payroll, Retail Sales etc....Other than that, these fundamentals can be and will be completely ignored. Had enough of the fundamental during university days...Thought I was great and 'sophisticated'. Turned out I lost All my shirts AND underwears! lol
@drovid008
@drovid008 5 жыл бұрын
took it off the tip of my tongue... The only way to trade fundamentals is to avoid red news, to avoid retaded volatility. voila!
@yassinabehr8366
@yassinabehr8366 6 жыл бұрын
i agree, i always say to people that "all what you need is in the chart it self" , NEWS respecte the chart. NEWS only accelereat price lik a wise man told me
@garyyates1772
@garyyates1772 5 жыл бұрын
It's crazy because I paid a lot of money years ago to hear the Big Bank info with NO actionable information given. It was a series that had me chasing M's and W's like a nut case. Guess what? It didn't work! Knowing the big banks are the masters of FX was great but not knowing what to do with that info was horrible. Thanks for everything VP! I am sitting here binge watching every video you have filling up my notebook as I go. Time to change and actually make some money in FX. I can't wait until I am done with all the videos so I can formulate my question!
@SSEnrich
@SSEnrich 3 жыл бұрын
I understand the logic behind ignoring fundamental analysis. We are trend traders who base our trades on technical analysis (indicators). However. If you want to trade in a completely different way it is possible to be successful trading fundamentals. Etienne Crete has interviewed many who base their trading on fundamentals. They are profitable trading that way of course.
@alexeimaterov3226
@alexeimaterov3226 3 жыл бұрын
Agreed, you can watch where the big banks take their position, take your stop loss and go the other way with your money.
@voxovtrades
@voxovtrades 4 жыл бұрын
12:50 I said it out loud with you. Big Banks!
@jackyu1143
@jackyu1143 5 жыл бұрын
I used to wonder, there are so many levels where candles congregate at, surely they can't all be important? This video has answered my question.
@j.rjunior5584
@j.rjunior5584 4 жыл бұрын
Only levels that are important are the higher timeframes like monthly and weekly, or even the daily.
@MULTITRILLIONAIRETRADER
@MULTITRILLIONAIRETRADER Жыл бұрын
Well Brother What you have said make sure prove it by becoming the no.1 FX Trader of all time. Don’t just tell all these, BUILD WEALTH
@md.tamimzawad3422
@md.tamimzawad3422 5 жыл бұрын
Thank you VP. I am starting to watch your all videos on youtube. I will practice according to your advice and start trading in the end of this month. If I, ended in profit in April, I will donate you half of my first month's profit to your Crypto wallet. Because it will be my first time profit! This is a promise to you my friend. I blew up almost 8 trading account. I was in losing side. But I don't lose hope. Thus I meet with you. May Allah ( Almighty GOD ) bless you. Love for you .......... ( From Bangladesh ).
@mohamedrizwan6709
@mohamedrizwan6709 4 жыл бұрын
how did it went?
@jasonhalstead4292
@jasonhalstead4292 6 жыл бұрын
Hi, thanks for the videos. Have you ever been taught a process for understanding how to apply fundamental data?
@nikopriest6762
@nikopriest6762 4 жыл бұрын
Okay so I understand this. But forex news has helped me a lot. E.g. the news on the coronavirus made me some money on usd/jpy and I got in when it was at 109, at the moment i hopped out at 112. Not saying it's a MUST have, but take it with a grain of salt and use technical analysis to confirm. Just saying.
@adamwss88
@adamwss88 4 жыл бұрын
Wouldn’t the NNFX way would have gotten you in that trade anyhow though ?
@OnlineScammersExposed
@OnlineScammersExposed 4 жыл бұрын
Can I analyze the trend of the market with Daily time frame and enter the trade with a lower time frame, an example is H1?
@NA_LE_DI
@NA_LE_DI 4 жыл бұрын
No, trends usually differ across different time frames. If you enter a trade in H1, it is because you analyzed and identified a trend in H1 :)
@johnnyboy2236
@johnnyboy2236 3 жыл бұрын
Yes you can it's call top down analysis
@fxmentorship
@fxmentorship Жыл бұрын
Don’t waste your time, just trade the daily timeframe
@WallStJim-sz5bq
@WallStJim-sz5bq 2 жыл бұрын
fundamentals just affect movement,as for which direction its not important.Ive seen positive news on the US economy but on the charts the dollar tanks down.See what i mean
@erichernandez683
@erichernandez683 5 жыл бұрын
fundamental analysis is more than just trading red and orange folders. most of the time the market is already priced in by the time the numbers drop, based on speculation and market sentiment. chances are if FOMC is looking to cut rates in the next meeting because inflation is too high and growth is slow then investors will look to short the market. they aren't waiting for the news release to get into the market that doesn't make any sense. though i agree TA is important if you can understand the market sentiment it makes your TA a lot more easier. so a combination of both is what i suggest. But thats my opinion.
@NoNonsenseForex
@NoNonsenseForex 5 жыл бұрын
Yeah man, that's a lot of speculation though, too much for my taste. It's doable, but I just think we're better off taking it out altogether. One less moving part.
@erichernandez683
@erichernandez683 5 жыл бұрын
@@NoNonsenseForex i respect your opinion. At the end of the day it's about what gives us our edge as long as we have that theres no wrong or right strategy. just whatever works. i saw your vids and you know what you're doing! keep it up! Your TA is awesome.
@bg8187
@bg8187 2 жыл бұрын
This is the same guy that talk about how bank is real goat. And now he is saying fundamental does not matter.
@archravenineteenseventeen
@archravenineteenseventeen 2 жыл бұрын
Because bank don't give a sht about some politicians words.
@gedalianiasoff7449
@gedalianiasoff7449 6 жыл бұрын
fundamental u can use it as way to find were all the retail traders put there orders and then use technical analysis to win those the retail traders so i think fundamental is useful to track down which pair is about to take a big hit
@opiaifeanyi4126
@opiaifeanyi4126 6 жыл бұрын
How do you do that
@AlgoGuardianFX
@AlgoGuardianFX 6 жыл бұрын
Oanda order book is what I used.
@watchdaride
@watchdaride 5 жыл бұрын
what about central bank statements ? do you follow it ?
@mutalemambwe4893
@mutalemambwe4893 4 жыл бұрын
The reason why most traders fail is because they watch videos like this
@mohammedgamal5398
@mohammedgamal5398 2 жыл бұрын
Why?
@eggsquad2007
@eggsquad2007 2 жыл бұрын
@@mohammedgamal5398 this isn't what institution and big bank do, they read fundamental a lot and heavily depend on fundamental, their technical analysis is only for entry.
@archravenineteenseventeen
@archravenineteenseventeen 2 жыл бұрын
@@eggsquad2007 hahaha. Whose gonna tell this guy?
@ihsanefaiq9611
@ihsanefaiq9611 5 жыл бұрын
But will say that we have to take into account the economic calender
@kleinsocrates9242
@kleinsocrates9242 5 жыл бұрын
True all these people do is tell you what happened and then they if they give u trades(on Twitter) they say buy if it crosses this level and sell if it falls below this level But reason I read on the analysis is because I am interested in Knowing why news does what it does
@adieltm
@adieltm 5 жыл бұрын
It's like they're paid to hype up a certain currency or stock because they know they are influential.
@francesconano4909
@francesconano4909 6 жыл бұрын
Many many thanks. Your content is inspirning. Thank you!!!
@davidmadle5007
@davidmadle5007 5 жыл бұрын
thanks for all the work you put into your videos always insightful I now trade on longer time frames, cheers David
@marcustherealius6725
@marcustherealius6725 3 жыл бұрын
What about swing trading and looking at reports like COT. Is this type of information not important going into a week where I might look to enter a position.
@willemjanse1254
@willemjanse1254 6 жыл бұрын
So far - One of the best ..!!!
@techguide1583
@techguide1583 4 жыл бұрын
Where to get the calendar from??
@olugbodioyebamijiakanni5708
@olugbodioyebamijiakanni5708 5 жыл бұрын
Excellent presentation on Forex trading. Thanks a million times
@praveenpandey8050
@praveenpandey8050 4 жыл бұрын
i agree...i only try to aware of the upcoming news..thats it ,,
@valuetainer3437
@valuetainer3437 11 ай бұрын
18:04 no this actually applies to indices/futures as well 😂😂 so everything you said applies to traders who trade SP500, Dow jones etc..
@DJGOULDING
@DJGOULDING 4 жыл бұрын
you could make a drinking game out of how many times he mentions the big banks video hahaha
@jrthereaper
@jrthereaper 5 жыл бұрын
VP still rewatching this for some reason 😂😂😂🔥
@TheArtOfTrading
@TheArtOfTrading 6 жыл бұрын
Honestly, the day I realized that ignoring fundamental analysis was going to make me a better fx trader, I was over the moon with excitement haha. I fucking hated listening to those clowns every morning
@perfypudon8108
@perfypudon8108 Жыл бұрын
i see? Seems you have a big point. But why many profibale traders says it is fundamental have bigger impact than technical?
@NoNonsenseForex
@NoNonsenseForex Жыл бұрын
I don't really know. They would probably be more profitable if they ignored it.
@ninatme4359
@ninatme4359 5 жыл бұрын
If we were to follow the banks actions closely, will we be able to trade forex better?
@NoNonsenseForex
@NoNonsenseForex 5 жыл бұрын
Probably not. Just trade your system and you'll be fine.
@archravenineteenseventeen
@archravenineteenseventeen 2 жыл бұрын
Unless you have an insider with you
@garrylim1371
@garrylim1371 3 жыл бұрын
What about the fundamental that lead to the change in monetary policy and interest rate ?
@rzem
@rzem 4 жыл бұрын
Waw very good video , you treated a very painful subject for me and by this I won't feel guilty again to not according a lot of importance to FA .at the same time I think to all that paid courses that include big chapters to this subject. Thank you
@post-mortem007
@post-mortem007 4 жыл бұрын
Hi VP, you are right about the news, but what about the fundamental statistics of a currency?
@NoNonsenseForex
@NoNonsenseForex 4 жыл бұрын
I don't know what that is.
@post-mortem007
@post-mortem007 4 жыл бұрын
@@NoNonsenseForex I mean the economics and central banks data, not the news but historic numbers statistics analysis? Are they any good?
@believeraq1744
@believeraq1744 5 жыл бұрын
what about brexit and trade wars?
@nuclearping
@nuclearping 4 жыл бұрын
Hi! Fundamental trader here. Simply put: You are wrong. You only talk about news channels and point fingers at the "Big Banks". But that's not fundamental analysis and fundamental trading. There is a difference between fundamental analysis and fundamental trading. They are not the same. Fundamental trading requires some fundamental analysis to get an understanding of the "big picture" and the ever changing market sentiment. Fundamental trading consists of a lot more than Bloomberg, CNBC, SkyNews, Forex Twitter, etc. These are in fact useless. Fundamental trading is complex and can be overwhelming at first and also dry more than so often. But it is essential. You can't ignore it. If you do, you are literally trying to run a business against a lot of competition without neither understanding the products you are buying and selling nor their market place. The only audience you reach with this kind of videos are desperate rookies and novices, who are still looking for the easy money.
@NoNonsenseForex
@NoNonsenseForex 4 жыл бұрын
Our audience is the opposite of the easy money crowd -- this shouldn't be hard to figure out. Like all the other naysayers, you don't know much about what this channel does or why. This channel has helped turn almost 40 "rookies and novices" pro, yet we still have these randos coming and telling us what we need to do. And there is nothing essential about fundamental analysis, regardless of how you define it. Algorithmic trading has already proven this.
@nuclearping
@nuclearping 4 жыл бұрын
​@@NoNonsenseForex You can't be black or white here. You say FA / FT is useless, nobody needs it and TA is king. If you - and your 40 pros - are successful that way, that's great. And I sincerely mean it. There are probably as many ways to approach the market as there are traders. Everybody has a different look on the market. There is not only one "right way" to do it. You can be successful with TA aswell as with FA / FT, if you do it right. For me it was the other way around: I sucked at TA and did tons of mistakes, payed "the pros" and "gurus" for education and indicators, hung out with "like minded" people in trading / chat rooms, etc. and nothing worked. Since I picked up FA / FT I'm consistently profitable. Is it the "holy grail"? No. But it suits me, it works for me and it pays out. :)
@NoNonsenseForex
@NoNonsenseForex 4 жыл бұрын
Doesn't matter how you get there, as long as you get there. Well done. Our way works too, there are no absolutes.
@nuclearping
@nuclearping 4 жыл бұрын
@@NoNonsenseForex Yes, there are no absolutes. And that's why you shouldn't exclude or rule out one method per se. Here is a simple example of how you can intertwine TA and FA on the EURUSD: kzbin.info/www/bejne/hJbZYpdnrLCSmNk - This case shows that FA and FT is not always complex or complicated. :)
@archravenineteenseventeen
@archravenineteenseventeen Жыл бұрын
​@@nuclearpingyou do you. But I find pure technical the best. Fundamental has a lot of room to give fake news anyway
@MrMike1451
@MrMike1451 5 жыл бұрын
I just downloaded a simulator from fxblue I am hoping this can give me some more insight or exp. in trading. Let me know what you think please.
@gullyfx1
@gullyfx1 3 жыл бұрын
what's the link to pt 2 of this video?
@hansyasini9411
@hansyasini9411 5 жыл бұрын
How can I get a very profitable strategy to make consistent profits trading forex?
@mrv5185
@mrv5185 2 жыл бұрын
Hello from JP, dont be dumb. Follow fundamentals track the News and all that stuff and its not too much dont make this thing that simple because its not THAT simple. Go with fundamentals because there will not ever be some technical stuff that will be stronger than fundamentals. Dont Listen to everything you hear try to learn from someone that you know He make it in Business.
@archravenineteenseventeen
@archravenineteenseventeen Жыл бұрын
JP Morgan? Hahahaha
@nothing1more487
@nothing1more487 4 жыл бұрын
Listening to this while working out. This is entertaining as fuck.
@kgothatsobojosi2377
@kgothatsobojosi2377 4 жыл бұрын
The are people out there who are successful doing your fundamentals and technicals so ahhhh
@ioms.mesway2105
@ioms.mesway2105 4 жыл бұрын
i been telling people the same thing.
@MaxPerformanceGroup
@MaxPerformanceGroup 6 жыл бұрын
Man, I love your content.
@ikleveland
@ikleveland 6 жыл бұрын
Wrong here on so many levels amigo!
@atmajazone
@atmajazone 5 жыл бұрын
Agree with you
@takalanimphathelesikhobidz9402
@takalanimphathelesikhobidz9402 Жыл бұрын
So are you trying to tell me that the price of rand to buy a dollar goes up or down because of the big banks(is that it)? Want clarity
@NoNonsenseForex
@NoNonsenseForex Жыл бұрын
It will affect the dollar, not so much the Rand. Not enough liquidity there usually.
@takalanimphathelesikhobidz9402
@takalanimphathelesikhobidz9402 Жыл бұрын
Ok thanks, but is the strength of the rand to dollar regulated by the big banks or something different
@jebpleb1803
@jebpleb1803 6 жыл бұрын
with your help I want to be the 1 that moves the price lol
@shawnsmith1050
@shawnsmith1050 6 жыл бұрын
What is your MyFxBook handle?
@NoNonsenseForex
@NoNonsenseForex 6 жыл бұрын
I don't use any tracking sites.
@persiabenjaminBeTaALpha
@persiabenjaminBeTaALpha 6 жыл бұрын
Then better get one En we see
@williamchen9496
@williamchen9496 5 жыл бұрын
@@persiabenjaminBeTaALpha does myfxbook work on long term too? With long term I mean 1d or 1week
@shawns9032
@shawns9032 6 жыл бұрын
Can you list the link for the site that provides the news releases? Thanks.
@NoNonsenseForex
@NoNonsenseForex 6 жыл бұрын
Good catch, my bad. I put it in the blog, but not the vid description.
@ajahebenezer3414
@ajahebenezer3414 5 жыл бұрын
False! You select your pairs with fundamentals and find entries in technicals ,both are important except you are lazy to do your homework
@TradingStudent4ever
@TradingStudent4ever 4 жыл бұрын
Absolutely correct, direction can only be finalised with Fundamentals - CONSISTENTLY. Technical trading is just helps you with your timing. Also, guys to get consistent in Forex Trading you need to understand the market, the participants and the market psychology (not unlike your psychology). Trading markets without fundamentals is like driving without a steering wheel. Stay away from such mentors.
@danjosephcajayon6130
@danjosephcajayon6130 4 жыл бұрын
Yeah? Thats what the 90% does & then they always loose money. you probably did not watch the “big bank” & other videos on this channel.
@pestd9206
@pestd9206 6 жыл бұрын
Thanks VP, what’s your thoughts on the weekly COT reports ? Regards
@NoNonsenseForex
@NoNonsenseForex 6 жыл бұрын
Real hard to time them right. Possible video there someday.
@KKKkiri
@KKKkiri 3 жыл бұрын
I disagree, as a professional trader you get all the publicly available macro indicators to excel and build up a scorecard..and PREDICT what banks and big institutions, exporters-importers and govs will do. anything that rises your chances more than 50% - to 70% is valuable. Study macroeconomics, statistics and international trade to do it properly.
@narayanchapagain5417
@narayanchapagain5417 5 жыл бұрын
when you talk whole world listens and I am part of it
@adeola4934
@adeola4934 4 жыл бұрын
Good day VP, you said the best time to trade forex is 1.40pm USA time. My question is that, I'm based in Nigeria, should I trade with 1.40pm Nigeria time or USA time And I have gone through USA time, the time varies, should I use any state in USA 1.40pm time. Thanks
@NoNonsenseForex
@NoNonsenseForex 4 жыл бұрын
US Pacific time
@adeola4934
@adeola4934 4 жыл бұрын
Thanks so much
@kasunchamara7497
@kasunchamara7497 Жыл бұрын
Your Straight Forward Talk Sounds Like ICT 🧐
@danielbrink9475
@danielbrink9475 2 жыл бұрын
Yup the only useful things to use are correlations and relationships between currencies/commodities to cadge strength v weakness, i guess that is more technical then fundamental
@dennisdavis9602
@dennisdavis9602 2 жыл бұрын
..........goes opposite of the news! Media says Buy, but Big Money Sells.
@SeanFit
@SeanFit 4 жыл бұрын
Bruh, i gottta laugh man. "Once again, I already have the news, im already in top of that" man Oh man....
@chijiokedaniel8262
@chijiokedaniel8262 5 жыл бұрын
Can I make consistent profits trading forex?
@MrFoggyG
@MrFoggyG 5 жыл бұрын
Yes. As long as profits outweigh losses :)
@archravenineteenseventeen
@archravenineteenseventeen 2 жыл бұрын
Not always a win but you must earn more than a lose. Businesses does this
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