I need your attention guys. I heard banks play a major rule in the forex market. And I found on some website that understands bank activities is the key to success. I am watching youtube videos and reading articles from websites over 2 years and I found they are all same things like BASIC. Most of the people talk about price action, trendline, support resistance, and blah blah blah. I know these are also very useful but I think banks are playing the main rule in the forex market. So we need to know more about banks activities.
So my questions are…
How to analyze banks activities?
Where can I get their information and how to apply them?
I know to track their activity is not easy. I just want to know, how to do fundamental analysis. I know many websites publish news. But I really don’t know how to analyze that news. Will you please explain a bit if you know the process?
this is one of the areas where you and i can never compete with the pros - they have huge budgets and teams of highly skilled, highly professional analysts working on it for their livings and huge salaries
it’s not a good avenue of approach for you and me, to put it mildly
there are other ways where our small size, agility and even some specialized techniques can sometimes work to our advantage
Its easy to see when the big players are buying - price goes up. Of course, its impossible to find out which big players are buying or when they plan to stop but tin the meantime their buying leaves a trail that we see on the chart as an uptrend.
I’m not sure of the value in knowing and understanding why they’re buying currency X or why they’re not buying currency Y…
I’m consistently (and boringly) vocal about long-term trend following in forex. If a pair isn’t rising in an uptrend there isn’t a trend for me to buy into. So knowing who are the big players who are buying and how long they intend to do so is irrelevant to my strategy, until it moves price.
Well start from corporate earnings report where you can see their assets and liabilities, financial health and investment plans. Try to see how the changes in corporate data affects prices action so you can get clear notion of market catalysts typical for banking sector.
