Hello all, 2nd post here almost completely done with the school of pips (I looked ahead and realized I was over all the lessons relating to fundamentals), I’ve come to the conclusion I am a position trader for certain. I’ve come up with my own technical system that’s proven quite effective for position trading, back testing and these last 2 months of live demo have proven worth while for myself (I’m sure others have better systems but I made this one myself and that’s special to me :53: ). After back testing over several years of various currency pairs it’s proven about 0-2 negative long term trades per 10 long term trades. I can’t help but think that any negative trades could have been completely avoided by knowing the long term fundamental movers which would result in me knowing the long term trend a currency is actually in. I understand that babypips touched the surface of fundamentals but can anyone recommend any books or a sort of “Long Term Fundamental Boot Camp” I can cram my brain with?
IE, Japans QE release months ago, I’m certain some of you entered long on USD/JPY in the beginning and are loaded with millions now still raking it in till the 100 target. I want to be you, I get my real estate license in 1 month, stocking up on 25-50k dropping it on forex, then I start majoring in finance next winter semester. I really would like to get a head start on this before starting school. I apologize if this should of been in the noob section but over the last 2 months I’ve gained over 3000 pips so If I’m still a nooblet mods please place this in the noob Q/A. I just wanted to be certain someone intelligent could make some recommendations for me.
Thank you,