wamiikechukwu:

Just like the PPI and CPI, we trade the news that comes out first base on the correlation it has with the news that is coming out next.
People make a lot of money from this one.
With Retail Sales and GDP. What a lot of traders do,is they wait for the retail sales to trade the GDP . You know the GDP comes out on a quarterly basis.Retail Sales comes out every month.They use the retail sales for the past 3 months to help them predict the GDP results for those 3 months. If you get better than expected retail sales for those 3 months,you can expect High GDP for those 3 months. The same goes ,if you have poor retail sales for those 3 months,as in extremely low retail sales,you can expect a low GDP. Remember,higher GDP means better economy,and retail sales makes up about 70% of the market and for most countries the data is released monthly.So we can get a sense of what to expect for GDP from earlier.
Extra data. Unemployment, jobless claims,unemployment rate.This things affect retail sales. If we have poor jobs data and high unemployment claims,you can expect a poor retail sales. If less people are employed,they are less consumers because less people to buy things.

DISCLAIMER: anything written by Pipsdude is for entertainment purposes. Pipsdude does not give financial advise,and is not responsible for anyone's trading decisions.

teemy:

due process!

wamiikechukwu:

First lets look at PPI fundamental indicator.
We are looking for a Fundamental correlation by using one economic indicator to help us identify the possible outcome of another economic indicator.
eg: If we know that the CPI and PPI are directly correlated. We simply use the one that comes out first to help us predict the outcome of the one that comes out second. In this case PPI comes out before the CPI.
PPI(producers price index) CPI(consumers price Index) These two indicators are extremely correlated.As a result,a high PPI will affect market sentiments towards a high CPI. A lot of traders are just waiting on the PPI to trade the CPI. So if they get a better that expected PPI release,then they would trade a better than expected CPI release and if they get a worse than expected PPI release,they trade a worse than expected CPI release.
PPI relates to the cost producers pay to manufacture goods and services, while the CPI relates to how much these good and services cost consumers. Here you can see the direct correlation that PPI and CPI have.If a producer is paying more to produce his goods and services,he is going to in return charge consumers more for those goods and services. Thats the direct correlation. Remember the PPI is released before the CPI,so you can get an idea of what to expect from the CPI.

Most news are correlated. Hope you understand and if your still interested lets know... other things to do.

[i][/i]DISCLAIMER: [i][/i]anything written by Pipsdude is for entertainment purposes. Pipsdude does not give financial advise,and is not responsible for anyones trading decisions.

wamiikechukwu:

I really dont want to teach here cause of pleanty talk, but I'll give 1 or 2 examples then go and do your home work.
Stay tuned and think.

wamiikechukwu:


am wondering how to people trade using the news.

simple! Correlation! use one NEWS to trade another.

DoroBad:
if it's hard for you, it is no longer hard for me. . . i have passed that stage.

I dont sit with charts. I place trades and close my laptop like a boss. All i do is delete pending trades by 10 pm daily, and leave open trades for as long as possible.

My strategy isnt taught anywhere.

It's possible and I've seen people do as much 1000% in a month. The thing is being consistent doing it. If you do 100% monthly on a $1000 account,and increase exponentially, in less than 4 years,you will be on Forbes list and put Nigeria on the map,at least for something positive this time.

Sunnycliff:


This assertion of yours does not correlate. I make more green pips with my Android than a pc

I believe you are experienced.

Mtncardseller:
Can I start forex on android?

If you seriously want to start trading,use a full system.If you don't have one,get one. This is serious business, treat it like one.
Imagine,a doctor using an ambulance as a full hospital just because he or she can treat someone in it;does it make sense?

Yes its possible. Isn't trading though enough,why make it harder aiming for 100% monthly.[quote author=pipsdude post=52492546][/quote]