• Skip to primary navigation
  • Skip to content
  • Skip to primary sidebar

DayTradeFEED.com

Your One Stop for all things day trading!

  • Home
  • About DayTradeFEED.com
  • What is Day Trading?
    • Intro & Terminology
    • Should I Day Trade?
    • Pros and Cons
  • Trading Tools
    • Day Trading Books
    • Helpful Links
    • Market Info
    • Video & Audio
  • Cryptocurrency
    • Getting Started
    • Types of Cryptocurrency
    • Cryptocurrency History
    • Buying & Selling
  • Contact Us

Day Trading Forex – What To Look For

June 6, 2018 by tradersolution

Day Trading Forex and What Drives the Market

First of all, a lot of people don’t understand what the foreign exchange market (Forex) is. Due to this, I’d like to explain it a little bit and give some background before jumping into this post.

I first got into day trading a little under 10 years ago. As I was learning the ropes, I was given the choice to put my focus into either forex trading or futures trading.

“But what is the difference?” I thought to myself. “All I want to do is make money day trading.”

I laugh as I think back on that time of day trading in my life. How could I be so naive and so young? Of course there’s a difference, even if we’re just talking about the amount of money to be made. In fact, there’s a MAMMOTH difference.

Day Trading Forex vs. Day Trading Futures

It was explained to me very briefly at the time, but I remember it well. It was one of my first days learning how to day trade. My coach told me that I could make more money day trading futures because the market moves quickly. I could get my trades in and out in as little as a few minutes!

I quickly found that while I could make more money trading futures, I could also lose more money. Also, I could lose it a lot faster than I had ever imagined…

In contrast to futures trading, Forex trading was a little more consistent. The market moves slowly in comparison, which means your trades take a little bit longer to run their course.

My profits might not have come as fast as if I were trading futures, but because I had more time to process what was going on, I didn’t lose as many.

What Data to Look At When Day Trading Forex

As I got further into day trading forex, I realized that there were certain factors that contributed to the market’s movement each day. After doing some research, I discovered the following variables to take into account when pulling the trigger on a trade.

Employment Data

The Bureau of Labor Statistics releases a United States employment report on the first Friday of each month. This data is called “non-farm payroll” data, and explains how many people are employed in the country.

If the data shows a strong increase in employment, the market is sure to increase. In contrast, strong decreases point to a down trend.

Interest Rates

Monetary policy is mandated by central banks. This makes them the main focus of investors and day traders alike.

Inflation

Inflation is the amount of increase or decrease a certain currency sees over a period of time. If a currency sees strong inflation, it could mean the market is about to decrease due to a devaluation of that currency.

Gross Domestic Product

Gross domestic product is the amount of goods or services which were finished during a specific duration of time. GDP is broken up into four different categories:

  1. Business Spending
  2. Government Spending
  3. Total Net Exports
  4. Private Consumption

Retail Sales

If retail sales are up, it shows that consumers are spending more, which indicates the economy is healthy. The contrast to this is also true. If retail sales are down, the economy may not be at optimum health.

Durable Goods

Durable goods have a life span of more than three years. These tell us how much spending is going on, or the lack thereof.

Trade and Capital Flows

When certain countries interact in a negative way with each other (trade wars, tariffs, etc.), their economy is severely affected. A good example of this is going on right now between President Donald Trump of the United States and China.

Geopolitical and Macroeconomic Events

Finally, geopolitical and macroeconomic events such as elections and government policy changes can play a big roll in which way the market moves. However, these events are a little more difficult to predict, which means the market could go against you in a big way at a moment’s notice.


Day Trading Forex with DayTradeFEED.com

Are you looking to retire but aren’t sure if you can afford it? Want to see the world, but can’t quit your day job? Do you have a child heading off to college soon and need to find a way to supplement your income in order to handle it?

Day trading forex could be exactly what you’re looking for. The reality is that there’s not a lot of other options as ideal for you and/or your business.

Traders can make money spending as little as one or two hours per day day trading forex. Fortunately, you can learn how to do the same!

Get Started Day Trading Forex

If you’re still reading this blog post, chances are you’re pretty interested in learning to day trade forex.

Fortunately, there’s an easy way to get your questions answered and find all the information you need. Simply contact us, and we’ll have a vetted and accredited representative reach out.

 

Day Trading Forex – Still Not Sure?

Still not sure you’re interested in learning more about day trading forex? Check out our Should I Day Trade? page to see if you have what it takes to get in the game!

Day trading comes with some unique and prevalent risks attached to it. At DayTradeFEED.com, we want to make sure you have all the resources you need to be successful and see profits.

Please email us at info@DayTradeFEED.com with any questions or comments!

 

 

 

 

 

Filed Under: Forex Tagged With: day trade, day trade forex, day trading, day trading forex, daytradefeed.com, EUR, eur/usd, forex, forex factors, forex market, gross domestic product, usd, what drives forex

Reader Interactions

Primary Sidebar

Recent Posts

  • VGL Assessment – Precisely What Do We Know About It?
  • Recipe for Romance: The Quintessential Intimate Restaurants in NYC
  • How can I Get men to Make?
  • Term Papers Writing Services
  • Cherry Blossoms â „¢ Se ha convertido Facilitar Interacciones transculturales durante más de 40 años
  • Acquiring Linked from inside the Digital Era
  • Am nützlichsten Matchmaking Programme für Starten

Learn more!

About Day Trade FEED

This Year’s Archive

  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • August 2021
  • July 2021
  • April 2021
  • February 2021
  • October 2020
  • April 2020
  • December 2019
  • July 2019
  • May 2019
  • April 2019
  • March 2019
  • January 2019
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018

Categories

  • blog
  • Cryptocurrency
  • Dating Online
  • Day Trading Programs
  • Day Trading Results
  • DayTradeFEED Investigates
  • Education
  • Featured Story
  • Forex
  • Futures
  • Kevin Jones Day Trading
  • Kevin Jones Indicators
  • Kevin Jones Trading
  • Terminology
  • Uncategorized

We Are a Day Trading Blog

bear markets bull markets crude oil futures day trade day trade bitcoin day trade feed daytradefeed.com day trade forex day trade from home day trade futures Day Trade My Money day trading day trading forex day trading futures day trading indicators day trading scam day trading system day trading terminology DemoDayTrading.com donald trump EUR eur/usd Euro feed forex forex factors forex market forex trading futures Kevin Jones kevin jones day trade kevin jones day trading kevin jones forex kevin jones trading learn to day trade make money day trading Matthew Poll Matthew Poll Day Trading Matthew Poll Scam Matt Poll matt poll day trading Matt Poll Scam matt poll trading stock market usd

Copyright © 2023 · News Pro on Genesis Framework · WordPress · Log in