Conducting Your Own Fundamental Analysis

The forex trader today is very lucky. The Internet provides unprecedented access
to information and data—perhaps too much information. A good technique to use
that provides an efficient way to pull information out of the World Wide Web is
to use the search engines and input the right terms. For example, as the trader prepares
to evaluate a currency to trade, he or she should also scan the latest news. Here is how to
do it:
1. Go to Google, click on the News link and then click on Sort by Date.
2. Input search terms (U.S. dollar, Australian economy, etc.).
For example, if you input the term Australian interest rates, the results will quickly
point to the latest article on it.
Using Google or any other search engine effectively will depend on which terms are
entered. The trader should enter a variety of terms to maximize the items retrieved. Here
are some useful terms to start with:
U.S. dollar
U.S. economy
U.S. interest rates
Bloomberg on U.S. Dollar
European economy
European interest rates
German economy

German interest rates
Bernanke
Trichet
Zhou Xiaochuan
Bank of China
Fukui
Australian interest rates
Australian economy
Canadian economy
Canadian interest rates
Governor Dodge
Bank of Japan
The idea is to search for the latest analysis while you are scanning the charts,
which will help you gain an understanding of what forces are moving the charts while
you trading.




By ABE COFNAS