Websites To Keep Track Of Forex Fundamentals

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WEBSITES FOR FUNDAMENTAL ANALYSIS

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WHAT WEBSITES TO USE TO KEEP TRACK OF FOREX FUNDAMENTALS?
So, you’ve mastered candlestick charts, and price action make sense, but now…

Now you are starting to understand… even the savviest trader, yes, even you, needs to be on top of Forex fundamentals, and so you need some websites to follow for that.

I mean, you know what I mean.

Miss that FOMC meeting and, well, you’re left wondering why the EURUSD just did a triple backflip on you.

So, what’s the play here?

How do you stay ahead of the curve in a market that is filled with important macro events?

Let’s talk websites for fundamentals.

The best websites to stay updated with market fundamentals:

You probably have a few bookmarked already (maybe you even follow us already) but anyway I’m going to walk you through three high quality platforms to get your fundamentals up to date.

Three sources to keep you loaded with the freshest and most important macro updates for the market.

With that said…

First of all, have you heard of BeSomebodyFX?

You might already know us, but if you don’t, let me show you where you can follow us to get high quality insights for your trading.

Where?

On our Substack:

BeSomebodyFX Substack homepage

There you get every week an indepth update on the most important fundamental event going on.

That can be crypto like in the example above.

Or maybe GOLD…

Article on the fundamentals for GOLD prices

An FOMC meeting:

Article on the Federal Reserve interest rate decision

And so on.

Anything that REALLY matters and that you need to be aware of.

Cool?

Alright, and here’s the best part…

We don’t just give you news, we provide strategic insights that help you understand how the fundamentals will play out in the markets.

And most of all, how you can trade it!

Whether it’s an interest rate shift with the Federal Reserve or inflation surges in the Europe, we deliver thoughtful, actionable content that keeps you ahead of the market.

So, on top of our Substack, you can follow us on our public Telegram channel too.

That’s where you can get trades ideas and updates like this:

NZDCAD swing trade idea

Useful, right?

Yes.

Especially when they unfold like this:

Trade take profit

Ok, enough said 😉

You can see we’re not just “another” fundamental website.

We deliver you the content that matters, when it matters, and in a way that you can take action on it.

Perfect! But I get it…

You need more “classic” type of sources to get quicker headlines and market updates.

So where can you go for it?

Where to get the best market headlines:

ForexLive.

ForexLive market headlines

I’ll be honest.

ForexLive has this uncanny ability to always be on top of all the major economic data, as if they’ve bugged every central bank around the globe.

Interest rates, inflation reports, or some speech by a minor deputy from the Bank of England hinting at the next move from the central bank?

They’ve got it.

And they’ve got it fast.

ForexLive update on the Bank of England comments

Useful, right?

And here’s where they shine…

It’s not just about speed.

Context is key.

ForexLive doesn’t just drop the raw headline and that’s all.

No, they help you make sense of it.

They give you the “why” behind the “what,” making sure you’re never just reacting blindly to the latest data release.

So their analysis is sharp, engaging, and most of all… useful.

Which, honestly, is what you need when trying to make sense of the market.

But ok.

We’ve got usefulness and context.

That’s great for your swing trades.

Now you want speed.

Where can you get really fast market headlines?

FinancialJuice.

FinancialJuice for quick market headlines

This website is all about real time market moving headlines, and they don’t mess around.

It’s a straightforward approach that feeds traders the raw data they need when they need it.

Think of it as a Twitter feed, but one that is tailored for market headlines, filtering all the useless noise around it.

And if you want to level it up even further and get the fastest market updates, then…

Their squawk is the way to go.

FinancialJuice Squawk feature for fast market updates

It’s an audio feed that will make you feel like a Wall Street insider.

Getting all the latest market developments as fast as it gets.

Why fundamental analysis matters:

The consistency in trading isn’t just about technical patterns.

Sure, you need that!

For instance, we combine technicals with fundamentals in our trading.

But you know…

Very often traders ignore and miss completely the macro picture.

And then they are left wondering why their technical setup on the chart got eaten up like it didn’t matter.

Price action illustration around fundamental events

Ever been there?

Yes.

So the websites for Forex fundamentals we’ve talked about:

BeSomebodyFX, ForexLive, and FinancialJuice.

All of these are powerful tools that let you stay one step ahead of the market, anticipate moves, and adjust your strategy in real time so that you can implement fundamental analysis in your trading efficiently.

At ForexLive you get a mix of fast market updates and also contextual definitions and explanation of what’s going on.

And at FinancialJuice you get raw and pure, and fast, market headlines.

And on top of everything…

Us at BeSomebodyFX we give you actionable trade ideas and macro updates that you can use to trade, the insightful, useful, and effective type of content to help you trade consistently.

That’s how to do it.

Crypto Global Macro Q4 2024

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CRYPTO GLOBAL MACRO Q4 2024
even more bULLISH IT IS. HERE’S WHAT YOU NEED TO KNOW…

The macro environment for risk assets is in a sweet spot.

The Fed is cutting rates into a pretty OK economy.

That’s bullish!

China is stimulating.

That’s bullish!

And infact, we are still long and bullish crypto as highlighted in the previous macro update.

Q4 is set to be quite bullish, I think.

Regardless of the election outcome.

I mean, sure… expect some volatility into the election.

But what matters most is that financial conditions are now easing and global liquidity as a result keeps going up:

Also China about a week ago has unveiled a massive stimulus program which will further spur global liquidity.

This is BULLISH for risk assets!

Sure, a recession can kick off at any moment.

But right now there’s NO recession and forward looking economic indicators are NOT flashing too red, yet.

We can’t trade a recession if there’s no recession.

Makes sense?

Yes, but hey…

If the data will suggest that, adapt accoridngly.

Be ready to hedge when (and if) necessary.

But in the meantime…

Long only.

Also…

The start of Q4 is the turnover from the bearish September seasonals (which didn’t do much this year) into bullish October:

And continuation in November and December…

With that said…

That’s the way to go right now.

We are long and bullish with the Private Network.

80k in Q4 is achievable.

Sounds about right 😉

If you want to get alerted when we publish the next update you can leave us your email down below.

Beware Of Fakes

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ONLY USE VERIFIED CONTACT DETAILS
LET’S BE REAL…

I know you probably are aware of the shadiness out there of people impersonating people and all that.

That’s nothing new, in every field, that’s always been going on.

But I feel some traders need to hear this anyway, so here it is…

BEWARE OF FAKES:

What do I mean?

I mean that on Telegram anyone can anonymously create a channel and call himself whatever he wants.

You can go on your Telegram right now and change your name to “Jeff Bezos” and start a channel named “Amazon“.

Does that make you Jeff Bezos?

No.

Does having a channel named “Amazon” make you the real official Amazon?

No!

That’s why there are websites.

They are the only place where you’ll find verified contact details and authentic information.

And the same is true for BeSomebodyFX.

If you encounter someone on Telegram named like us, it doesn’t necessarily mean it’s us.

So how can you know exactly who’s real and who’s not?

Use OFFICAL websiteS:

On our homepage we have the link to our ONLY official public Telegram channel.

We DON’T have any other public channel.

So if it’s not that one, it’s NOT us.

Makes sense?

The same is true for our contact details:

We have an official contact page that lists all our verifiable authorized contacts.

So if it’s NOT on that list, it’s NOT us.

Also on the bottom right you can see a cool chat function that will let you be ABSOLUTELY sure that you are talking to us, and not a fake random guy out there.

Oh and by the way…

Rule of thumb:

If a random guy on Telegram asks you to pay with crypto…

Beware, you can be certain there’s something wrong there.

Also…

If someone says the word “guaranteed“…

Mh, something’s wrong there. Believe it or not, in trading there’s NO guarantee.

And most importantly…

If someone has “investment plans” with crazy unrealistic returns…

Well, be ABSOLUTELY certain there’s something wrong there!

With that said, also keep in mind…

We have NO “investment” service.

We DON’T accept crypto payments.

And we have NO “money management” service.

And obviously! We DON’T ask you for private credentials of any sort.

Simply…

If someone claiming to be us offers you any of these, well…

It’s NOT us.

And either way…

ALWAYS verify who you are talking with by getting in touch with the appropriate verified methods like the official website’s chat function or website’s contact form.

And by the way, you can use these rules with everyone out there.

Not just us, but anyone else out there.

Because fakes are everywhere!

In other words…

ALWAYS double check that you are talking with a verifiable authorized contact.

And to do that, use the website’s information and functions.

Swing Trading Forex Signals For High Quality Trades 2024

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SWING TRADING FOREX SIGNALS

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WHERE TO FIND HIGH QUALITY SWING TRADES?
LET’S BE REAL…

Consistent profits in trading are not that common.

I mean, there’s not a lot of consistent traders out there.

So naturally it’s hard to find signal providers that are… consistent.

I get it!

But you know what?

There are.

So let me show you one of those…

Alright, let’s get to the point:

You want to take great swing trades.

The type of trades that you can set and just let them run without having to stare at the screen for all day.

And more importantly…

The type of trades that are consistent and profitable.

Consistent enough to get your equity line to look like this:

Myfxbook consistent trading performance

Because otherwise… what’s the point?

True.

So…

Where to get the best swing trades?

Well, the best place to get high quality swing signals is BeSomebodyFX.

You can follow the public Telegram channel here:

https://t.me/BeSomebodyFX

That’s where we send insights like this:

Trade example

That turn out like this:

Update on the trade example

Useful, right?

Yes.

These aren’t just random trades thrown at you.

No.

It’s smart, indepth, well timed, and precise swing trades that can help you in your trading.

But hold on a second!

I know you already got what you wanted.

But there’s more to it.

Because this goes way beyond just signals.

I mean…

What sets the best signal providers apart:

Profitability?

Sure.

That’s a big one.

But it doesn’t just stop there.

Because you shouldn’t be following traders just for the profits.

What do I mean?

The educational value of swing trading signals:

Let’s talk about the best aspect in my opinion.

Because our Telegram channel doesn’t just tell you buy here sell there and that’s all.

No!

Every trade is a mini lesson in market dynamics, fundamental analysis, technical analysis, and market strategy.

Think about it.

Each trade is filled with indepth context around the idea.

Like this:

Swing trade rationale

You can see the rationale behind the idea, the technical patterns used, and the fundamental context. It’s like having a trading mentor explain their every move.

Cool, right?

And if you want to delve even deeper, there are tons of videos on YouTube that explain the strategies used in these trades. Here’s our Youtube channel:

Youtube channel for Forex trading

As you can see it’s a combination of both technicals and fundamentals.

What’s that about?

Well, the videos above go well into the details.

The point is that you have content covering everything from basic concepts to advanced swing trading strategies. 

You can explore topics at your own pace, steadily improving and advancing your knowledge over time.

Oh and by the way…

How did that EURGBP trade turn out?

Well, here it is:

EURGBP trade update

But wait a second!

Don’t think that every trade you’ll get will hit take profit perfectly.

No.

That’s NOT how it works.

Stop losses are part of the process.

There’s no way around that.

The key is in just hitting those stops and moving to the next trade.

Here’s for instance a position that hit the stop loss:

Trade stop loss

Notice how there’s NO doubling down.

NO moving the stop loss further and further trying to avoid it.

And NO hiding of the losing trade altogether.

Again, that’s part of the process…

And that’s what creates this type of performance:

Trading signals myfxbook performance

Now…

See those choppy periods?

Slow periods in the equity line

Those are times when some trades hit the stop loss, some hit breakeven, and overall, the equity flattens out for a while until the market shifts back in the right direction:

Equity resumes trending higher

That’s professional swing trading.

It’s not all wins.

But it’s consistent overall gains in the right direction with some choppiness here and there that requires a bit of patience and discipline.

Ok.

Does that sound like something you can follow?

I think so.

Let’s analyze what makes a swing trade signal effective:

It’s not just about getting an alert to buy or sell randomly.

No. There’s a meticulous process behind each position, meaning that every trade idea is backed by solid analysis and research.

Where does that start?

With the fundamental context.

Which opens up a whole different debate that touches on monetary policy, risk sentiment, interest rates, economic data.

It’s wide subject and if you are interested in that we have a book guide called The Real Fundamental Analysis that goes into all the details you need to know about:

The real fundamental analysis book cover

And then…

The fundamental context is complemented with the technical context too.

Because you know…

Being right” and “profitable trade” are not always synonyms in trading.

I mean, you can be right and get stopped out because of a wrong entry point.

You enter a trend trade.

The market starts to pull back against your position.

You stop the position out.

And the market just turns in your expected direction.

Like this:

The importance of timing trade entries

Look, that’s nothing new.

The market does that!

And so to do that you need some technical analysis to time the trades correctly.

The point?

The point is that a solid trade idea is not just technicals, it’s not just fundamentals, it’s… both.

For instance, let me show you a position we took on NZDCAD that shows this very well.

Here it is:

NZDCAD swing trade idea

Notice how yes we have the bullish fundamental bias, but at the same time we have the price action and technical confirmation on the chart.

Makes sense?

Awesome.

That ended up being a great trade…

Trade take profit

And that’s the point.

When fundamentals and technicals are aligned that’s where it interesting.

And you know…

I can go on and on with examples but the point is simple.

Fundamentals are great.

Technicals are great.

But neither of those alone in isolation are enough to be consistent.

It’s when you combine both together that you get those high quality, high conviction trades to follow.

Those that you are comfortable taking, holding, and just letting them run.

That’s the difference.

And that’s what you need to know:

In other words…

The BeSomebodyFX public Telegram channel allows you to follow great trades, learn from it, and make you a better trader.

You get the trades, the rationale behind them, and the educational content to back it up.

Solid, right?

It sure is.

Crypto Global Macro Q3 2024

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CRYPTO GLOBAL MACRO

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CRYPTO GLOBAL MACRO Q3 2024
bULLISH IT IS. HERE’S WHAT YOU NEED TO KNOW…

Ok.

How can I say “we are bullish” in three words to keep it simple?

Mh…

Got it!

We are…

Bullish!

Did I get that right?

Cool 😉

But you want a bit more than just a simple… we are bullish.

So let me show you what’s going on behind the charts.

First of all…

If you follow our crypto updates regularly you will remember in the previous crypto update we turned bearish.

Price was near 70k and has been in a 10k range between 70k and 60k since.

And in this range things have changed:

And…

To make it simple…

We are bullish.

Did I say that already?

Oh, yes!

I should be listing the reasons now.

Ok, first of all…

US inflation is slowing down:

US growth is still holding up well.

And central banks across the world are starting to reduce policy restrictions:

So?

So all these factors create a positive macro context for risk assets.

You might have noticed on our public Telegram channel we are trading that on the S&P500 too:

And as you know…

At least you should know!

Crypto is also a risk asset.

It’s a fairly lagging one at the moment.

I mean, the NASDAQ this quarter is up 34% in June while BTC is down 12%, and…

Oh, wait a second!

Want to know an interesting fact about that?

WHEN THE NASDAQ IS UP WHILE BTC IS DOWN:

Ok.

Bear with me a second.

This gets a bit detailed with lots of numbers, but hear me out…

Historically when the NASDAQ closes the quarter up while BTC instead closes it down the quarter thereafter usually sees BTC up quite a bit.

Let me show you:

True.

Not a lot of data there to call this a reliable pattern but it holds true even before 2020.

And even more interesting…

In a way proving this is not as random as it may look.

When the opposite happens, so NASDAQ down but BTC up, usually the quarter thereafter sees BTC down:

Interesting, right?

I agree!

WITH THAT SAID…

Bigger picture over the next couple of months suggests higher towards 80k.

Now, if you have been able to bear through the US presidential debate on Thursday you will also know that…

Biden has aged quite a bit.

But besides that…

You will also know that Trump has remarkably extended his lead in the polls.

Wait!

What does this have to do with crypto?

Trump is pro crypto… whatever that means.

So his lead in the election could at some point be seen as positive.

Now…

That’s a REALLY far fetched view and it’s NOT by itself the only reason to be bullish, at all.

There’s MANY other more valid reasons!

But…

I don’t mind adding Trump’s lead in the US election to those many reasons to be bullish.

Alright…

That makes it.

Any downside risk scenarios?

Yes.

A recession.

That’s the scenario where all risk assets would be dumped down quite a bit.

But that’s by far NOT the base case scenario right now.

If it was we wouldn’t be bullish.

Sounds about right.

If you want to get alerted when we publish the next update you can leave us your email down below.

The Real Fundamental Analysis

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THE REAL FUNDAMENTAL ANALYSIS

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A PRACTICAL GUIDE TO FOREX FUNDAMENTALS
WHAT’S THE BEST BOOK ABOUT TRADING WITH FUNDAMENTAL ANALYSIS?

I hear that question A LOT.

Traders need a SOLID textbook resource to understand fundamentals.

I get it.

And so I did it.

The real fundamental analysis book cover

We have condensed all the fundamental knowledge you need in about 128 pages.

A book guide of 128 pages that teaches you the REAL fundamental analysis, NOT the average type of stuff that you can find anywhere else.

Real, practical, actionable fundamentals.

The ones we trade in our public Telegram channel to get trades like this:

Trade example
Update on the trade example

And also in the Private Network to get trades like this:

Trade signal with pending order

And I can go on and on with examples.

But the point is…

We have condensed all that knowledge at the price of just a regular book.

Literally, in about 128 pages you will get MORE than what you would find in any overpriced course out there.

For real.

From the basics of understanding the Federal Reserve and its monetary policy.

To more advanced subjects like bonds and yields.

To practical applications like knowing how to keep track of it all efficiently.

And of course, a LOT more.

In other words…

This book guide is NOT just about the theory.

It’s about the REAL fundamentals, the ones that you can REALLY use to improve, refine, and optimize your trading to be more consistent.

Now, don’t get me wrong.

Will you instantly become an expert at fundamentals after reading it?

No. That’s NOT how it works.

But…

Will you be able to finally understand the subject in a way that is applicable to your trading to have a SOLID foundation from where you can improve and fine tune your strategy to include both technicals and fundamentals EFFICIENTLY?

Yes, without a doubt.

So…

Where to get it?

If all what we mentioned here sounds like a good suit for you.

You can download the full guide from Gumroad’s marketplace…

You will also find a preview of the first 9 pages there 😉

With that also said…

If you need more information, tap the chat at the bottom right and reach out with your questions.

We reply fairly quickly, usually.

Crypto Global Macro Q2 2024

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CRYPTO GLOBAL MACRO

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CRYPTO GLOBAL MACRO Q2 2024
TURNING NEUTRAL TO POTENTIALLY BEARISH. HERE’S WHAT YOU NEED TO KNOW…

Crypto is in full bull market mode.

People are looking for the next 100X coin, and BTC is going to 100k.

Looks and feels euphoric.

Risk assets are all benefiting from the same surge in risk appetite fueled by the FED’s decision to soon start cutting rates.

With that in mind…

We took profits on our positions.

In the previous crypto update we have mentioned how yes the context was still bullish, but…

How risks were rising and how we were looking to take profit.

And we did.

The clear bullish phase was from when the FED stopped hiking rates.

We positioned for that in the Private Network with both S&P500 and ETH longs. We took profits on the S&P500 longs in mid January, and we took profits on the ETH longs in mid February.

Yes, a bit too early.

Things went much after that.

But we caught a good chunk of the run anyway.

Now…

We have two policy scenarios ahead.

One where the FED starts cutting rates.

Which, counterintuitively, is NOT exacty bullish.

Remember? The 2019 type of price action:

When the FED starts to cut rates the economy takes a turn, usually.

And that’s NOT bullish for risk assets, crypto included.

While instead, the other type of scenario is one where inflation bottoms…

Forcing the FED to keep rates higher for longer.

Ok, hold on a second…

Two slightly higher than expected inflation prints don’t make a resurge in inflation the base case. I doubt high inflation is going to be the scenario. But it’s a possibility.

So, you get the point.

Risks for risk assets are… rising.

Whether that’s a recession, a resurge in inflation, or both together. We can’t know.

But what we can know is that the risk reward from a technical and fundamental perspective is NOT favorable for staying long right now.

And so we took profits.

What to keep in mind…

The straightforward bullish phase was from when the FED stopped hiking rates.

Now the fundamental context starts to turn more mixed, less clear, simply…

Riskier.

Keep that in mind.

Farily straightforward.

If you want to get alerted when we publish the next update you can leave us your email down below.

Crypto Global Macro Q1 2024

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CRYPTO GLOBAL MACRO

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CRYPTO GLOBAL MACRO Q1 2024
STILL LONG AND BULLISH. sO, WHERE DO WE want to see to take profit?

Alright.

Now it’s time to start talking about what to look for to start taking profits.

In the previous crypto update we have mentioned how dip buying was the way to go for the quarter.

Both for fundamental reasons:

But also, seasonally:

Now…

What’s the next story?
MONETARY POLICY CONTEXT:

Remember rate cuts?

Seems such a distant thing, isn’t it?

I mean, the FED hasn’t been cutting rates since 2020.

And at the start of the year it looked like they weren’t going to cut for a long long while either.

But that’s not the case.

Inflation is almost back near FED’s target in the US.

And it’s basically already at the ECB’s target in Europe.

That’s to say…

Rate cuts for most central banks are NOT a distant thing right now.

At all.

The FED with their latest dot plot is also officially expecting to deliver at least three rate cuts this year:

And Powell confirmed that at the latest FOMC:

So…

What do we need to know about that?

Well, to illustrate the point correctly, let me show you just two charts.

Two simple but VERY important charts…

Alright.

First, here’s BTC in 2019 with some notes attached about the fundamental context in that period:

Sounds familiar, right?

Yes.

It’s similar to the price action and the context over the past two quarters.

It sure is.

FED stopped hiking rates, and BTC started a small bull run.

Same exact fundamental story.

Same exact price behaviour.

That’s fundamental analysis.

Now, let me show you the part that matters right now.

Here’s how that chart continues…

Interesting, right?

I mean, rate cuts are…

Bearish?

Yes.

And no.

But also… yes.

Think about it this way…

Usually, when the FED starts cutting rates, the economy is about to tumble.

And that brings down risk assets with it.

The reason?

Because the FED lags, a lot.

So when they do see the need for rate cuts, that means that the economy behind the curtains has taken a turn already and a recession is not that far.

And that’s when it’s time to take profit.

Makes sense?

Awesome.

So with that said.

what to keep in mind…

Whether that’s crypto, equities, and whatnot.

When the FED thinks it’s time to cut, we square the longs.

That simple.

So keep that CONTEXT in mind and you will be able to take profit on this bull run at the right timing.

But also keep in mind…

Until the FED starts seriously talking about cuts, we remain long and bullish.

I mean, the FED will likely start cutting rates in March.

So there’s still soom room for a bit more upside until the first rate cut.

Meaning, we can still ride a bit more upside.

And that’s all there’s needed to know right now.

If you want to get alerted when we publish the next update you can leave us your email down below.

A real example of Forex trading with Fundamentals

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A REAL EXAMPLE OF FOREX TRADING WITH FUNDAMENTALS

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The fundamentals that matter to trade consistently
YOU WANT TO KNOW MORE ABOUT WHAT FUNDAMENTAL ANALYSIS REALLY IS ABOUT? cool, let me show you something interesting.

Ok, let me throw you into a trading scenario right away.

It’s FOMC rate decision day and Powell is about to get to the microphone…

There’s tension, like always, for what he’s going to say.

The FED hiked interest rates by more than 500bps in the span of a year or so.

Unprecedented.

Historical.

Now once again Powell has all the attention at this meeting…

The market, journalists, investors, traders.

We all want to know if he thinks the FED needs to hike more or not.

So we wait…

Powell is little late…

Not his usual.

The man is always on time.

What’s he doing back there? Is he tweaking his speech right at the very last?

Maybe he didn’t like the market reaction to the rate decision and he’s preparing to address that?

Mh…

Oh wait, hearing the clicks and flashes of the cameras, means he’s here…

Yes, there he is:

FOMC interest rate decision

Powell takes on the microphone and, as regularly, he goes on with the introductory statement.

There’s something interesting in there but nothing that hasn’t been said on the text release that the FED published 30 minutes earlier.

You know, the one attached with the rate decision:

FOMC text statement

That sometimes can have interesting bits of insights but often the most interesting part is when Powell takes question.

And that comes right after the introductory statement.

And there he is…

Powell is now taking questions from the press…

FOMC press conference

Keywords like “higher for longer” and “fewer rate cuts” dominate in most of his answers.

What do we call that?

Hawkish.

And what does hawkish mean for the Dollar?

Bullish.

Yes.

We brief the Private Network with our thoughts on the matter:

Briefing our thoughts about the FOMC

Now headlines from the major news outlets are hitting the wires too.

Bloomberg is on the same page…

Bloomberg interpretation of the interest rate decision

Hawkish it is.

Powell and the FED are saying that there might be another rate hike ahead and mostly… they want to keep rates high for higher than anticipated.

Alright, what’s the trade?

Scanning through the charts to see what Dollar pair gives the best technical setup.

The best technical setup? What do you mean?

Yes, the best price action, the best risk reward.

All that kind of stuff.

We update again the Private Network with a detailed daily briefing with out thoughts and ideas:

So, yes…

Let’s put the trade on:

Forex trade based on the fundamental analysis of the FOMC rate decision

Alright?

Perfect.

And now?

And now we wait

More headlines keep hitting the wires from Bloomberg:

Bloomberg headline again with more details about the FOMC

All still hawkish interpretations.

And the price action on the chart so far looks good, nothing crazy going on like random fades and whatnot.

Cool.

Now the next step is to just let the trade play out?

Yes.

It’s to keep track of the fundamentals and let the trade unfold.

The fundamental flows that shape the trend:

What happens after an important FOMC are two things…

First, other macro traders start positioning according to the latest sentiment and forward guidance from the FED.

Which in this specific example is?

Hawkish.

Which for the Dollar means?

Bullish.

And second, the traders that are on the wrong side of that sentiment start closing their positions.

I mean…

What happens to Dollar bears if the context turns bullish?

They have to cover their positions because they are on the wrong side of the sentiment.

Either they hit stop loss or they close their trades manually.

So what happens with these two types of flows?

We have Dollar bulls adding because the fundamentals are in their favor.

And Dollar bears squaring their shorts because they are on the wrong side.

So?

So a trend is created.

A fundamental trend.

We update about the potential trade setup on the public Telegram channel as well:

Trade based on fundamental analysis

And there it is…

Update to the trade

That’s a real trade based on real fundamentals.

And that’s the kind of fundamental trading in Forex that matters.

So…

What it is REALLY about?

Fundamentals in Forex is about understanding the sentiment:

Yes.

Market sentiment.

Fundamental sentiment.

Fundamental context.

Macro context.

They are all the same thing.

Fundamentals are the sentiment and the sentiment is a product of the fundamental context.

In simple…

If the market is trending that means there is a specific sentiment, and that sentiment is a product of a specific fundamental context.

Read that again if you need to.

Done?

Cool.

With that said…

This is the simple and effective way of thinking about fundamentals.

Sounds easy, right?

Well, maybe.

But it’s NOT something that you can learn overnight just by reading a single article.

No.

It’s something that you have to learn from real trading with real traders.

That’s what builds experience.

So if you like that professional way of doing things that both builds your experience and gives you good trades to follow…

Then check the Private Network.

That’s where you can follow our exact trades and read our thought process to build and grow your fundamental knowledge 😉

And I mean trades like this:

Trade signal with pending order

With all the various updates along the way:

Cool?

Cool.

And now with that said.

There’s still one thing to add…

The most important part about Forex fundamentals:

Alright.

Always keep in mind that the quality of your fundamental analysis is directly correlated with the quality of the information that you get.

I mean it.

That is really the most important thing that you can understand about the subject.

So?

So follow the right sources.

The right traders.

The real ones.

That’s what makes the difference.

If you liked this article and you enjoy this kind of straightforward content, leave us your email down below to get updated if we publish another one like this.

Effective ways to follow Forex Fundamentals

BESOMEBODYFX

BEST WAY TO FOLLOW FOREX FUNDAMENTALS

Trades
BESOMEBODYFX
The right way to keep track of fundamentals in forex trading
the most effective ways to stay well updated with the important macro developments in the markets.

Undoubtedly, staying up to date with all the news flow and market developments is essential to trade fundamentals appropriately.

Logical, right?

Yes.

So how do you actually do it in a way that is simple and straightforward?

I mean…

How do you stay up to date with everything going on in the markets without driving yourself crazy?

And even more than that…

How do you filter out the noise and the useless information to get ONLY what really matters for your trading?

Those are some pretty good and important questions.

So…

Let me give you the RIGHT answers.

Use the right platforms:

Wait.

I get it.

Use the right platforms” is as boring of a subheading as it gets.

But, bear with me a second…

Because we are going to start with some boring, but essential stuff, to then lead into the more original insights.

Sounds cool?

Alright.

So…

WHAT ARE THE BEST PLATFORMS TO STAY UPDATED WITH FOREX FUNDAMENTAL ANALYSIS?
Well, first and foremost let’s start with the most obvious one.
 

Which is?

Twitter.

Or X.

Not sure exactly what to call it nowadays.

Either way, you get the one I’m talking about.

Twitter is an amazing source of information BUT…

It’s also where traders just shout random useless fluff.

And I mean really, REALLY useless fluff.

But that’s nothing new, isn’t it?

Yes. I know you know how Twitter works so let me give you something MORE interesting and way better organized than that.

Twitter for a trader is cool, but Tweetdeck is… COOLER.

What’s that?

Here’s a Tweetdeck:

Tweetdeck to follow Forex fundamental analysis

It’s basically Twitter but with a more organized feel to it.

Yes because you get to cherry pick who gets in there and the Tweetdeck streams all of the tweets from the sources you decide to add.

And it does so in real time.

Cool stuff, right?

Yes, especially because you can get profiles that share important fundamental articles so you can have your specific column for the news flow and various economic releases.

Something like this with Bloomberg:

Bloomberg article about the FED and interest rates

You can really get creative with this.

But remember…

Twitter, whether it’s a Tweetdeck or the original, is as distracting as it gets.

I mean…

The line between useful and just annoyingly distracting is very VERY thin.

You MUST make it a priority to follow ONLY high quality profiles that deliver VALUE and that DON’T spam you with useless content.

Keep that well in mind or you will drive yourself crazy trying to follow random stuff left and right.

I can’t stress this enough.

So for instance, learn how to use the “filters” to narrow down only to certain keywords like:

Filters for the most useful fundamental articles

These are the exact filters in the Bloomberg column that you see in the previous image.

As you can see it’s narrowed down to the major central banks, that way it filters out all the irrelevant articles while focusing only on the ones that are actionable and market related.

And by the way…

Make sure to follow our Twitter too.

We keep it super related to useful market insights with no fluff whatsoever…

Ok, now…

What else is there to keep track of fundamentals?

Well…

What about the good old Bloomberg itself?

That’s a great one, obviously.

But, there’s also another interesting alternative to that…

ForexLive.

Fundamental headlines and market sentiment:

It’s nothing new and super original I know.

Bloomberg and ForexLive are two classic places to get high quality articles and headlines to stay well up to date on everything going on in the markets from a fundamental point of view.

But wait a second.

Because there is an important detail that makes a big difference.

And I mean a really BIG difference.

Curious?

So, when you head to ForexLive the homepage basically has posts like this:

Forexlive website

That’s ok, nothing wrong with that.

But in reality, you DON’T need all of that generic market commentary.

We as traders need content that is more targeted, more niched down to what actually matters for the market, right?

That’s right.

So, one way to do that is to head to more useful sections.

Like the central banks’ section…

And that will filter down to articles that are more related to currencies and stuff that matters for currencies…

Section on ForexLive about central banks

You know, monetary policy and central banks?

Pretty important stuff in Forex trading.

Now what about Bloomberg?

On Bloomberg it’s a similar thing.

But there’s something extra that you will love.

LONG FORM MARKET UPDATES…

Yes, because on top of the classic insightful articles, Bloomberg has a lot of live shows and video content to follow to stay up to date with the markets.

There’s plenty every single day for all market sessions.

And you can find them on Bloomberg itself:

Bloomberg market surveillance

Or on Youtube:

Fundamental insights from Bloomberg on Youtube

But wait…

Two or more hours of content per show?

I mean, is it even useful?

Well… kinda.

They have plenty of awesome experts and professionals on there that talk markets that are well worth a listen.

But there’s a caveat.

They cover A LOT of stuff.

And I mean also stuff that is NOT really relevant for trading purposes.

So it’s great for staying updated overall.

But…

Let’s do better.

We want to get MORE specific.

More targeted to articles that are actually highly relevant and useful to Forex trading.

More effective, so to speak.

So is there a way to do that?

Yes, there is.

How to get even MORE precise and targeted fundamental articles:

So here is a fantastic piece of advice that will make you way more effective at this.

Ready?

On Google, just search for whatever you are looking for plus the keyword “Bloomberg” and head to the news section.

Like this:

Bloomberg articles to stay updated with Forex fundamentals

With this you have all the latest articles from Bloomberg on that specific topic.

Literally, you can target everything you need at any time you want.

For instance…

An important FOMC meeting just got done?

Cool, search for “FOMC Bloomberg” and you get all the related articles.

And of course…

You can do this with whatever source you prefer.

I like Bloomberg so I’m using that for this example.

There are many other alternatives, but in terms of straightforwardness, I will say…

Bloomberg is there at the top.

Their headlines are often enough to grasp the sentiment of the whole article for a quick sentiment check.

Look at this one for instance:

Inflation elevated prompting more rate hikes

See?

The headline and the first two paragraphs often tell you all you need to know.

You get the point.

Ok.

Now wait a second tho.

Like…

Are these the absolute best ways to do it or is there something else?

Well, that’s a VERY good question.

How to be effective in your fundamental analysis:

These two are some basic methods to keep an eye on what’s fundamentally going on in the market.

And they are great, but…

But what?

But they are NOT the most practical and effective methods.

Facts.

Because when you read an article on Bloomberg or when you scroll through Twitter you MUST have an incredible ability in filtering out all the noise and random chatter that is NOT actionable for your trading.

And on top of that, you also need to interpretunderstand, and apply correctly what you are reading.

Otherwise, you just get thrown off track into the wrong trades.

So… easier said than done, right?

True.

Just by having these two methods mentioned above you won’t suddenly understand fundamental analysis better.

At all.

You still need that experience to put into action correctly what you read around.

And that’s where the famous “work smart, not hard” comes into play.

What do I mean?

I mean that you can be smart simply by following other professional traders to use their expertise to have a good guide and picture of everything that’s going on in the markets.

Almost like delegating the complex task.

Literally, you let someone else do the complex work for you.

Sounds quite an advantage, right?

It is.

So how can you do that properly?

I mean…

How can you follow more experienced traders to guide you and give you the correct fundamental context you need for your trading?

Well, time for the self promotional bit now 😉.

The Private Network is the place for that.

That’s where you can follow our fundamental insights, guidance, and exact trades.

And I mean trades with exact entry and exit details.

Like this:

Trade signal with pending order

With then all the various updates to the trade along the way:

And with insightful daily briefings like the one below that keep you always up to date with what matters across the markets:

Really.

All the good stuff to keep you on top of all you need to know in a straightforward format so that you don’t have to waste time and energy every day trying to catch up with all the fundamental developments across markets.

In other words…

The complex trading tasks, done for you.

Pretty good, isn’t it?

I know.

Ok, with that said.

Is there anything there anything else to add to this article to complete it?

Yes.

But first…

If you like this kind of educational articles you can leave us your email down below to get updated when we publish something else like this.

And now with that said…

Three points I want you to take away from this article…

So keep these in mind:

  • Twitter is a VERY useful tool for traders but you have to be super disciplined and skilled at ignoring the fluff and distractions, a Tweetdeck can help you with that.
  • Bloomberg and ForexLive are a great method to get a grasp of the sentiment around important market events. Specifically, Bloomberg’s headlines are quite precise and useful for that.
  • You don’t have to do all the heavy lifting yourself, be smart, and get yourself around other professional traders who do it for you, and do it better.

Alright, that’s all there is to say…

And I guess that’s all there’s to say on this, these are the right ways to always be on top of everything going on across the markets fundamentally.