If you're into Forex trading, it is important to help yourself in finding the
best online Forex trading applications that could increase the income you will
get. Knowledgeable traders begin preparation for each trading session by
spending enough of time and effort to review the currency pair charts and
studying the several financial reports reviews. At the same time, if an intra-
day trade is within progress that has a potentially risky financial report soon
to be announced, a decision can be made as to whether to exit the trade, or
otherwise move the stop to preserve earnings or decrease losses.
However, how can regular Forex traders with practically no experience trading
Forex is able to analyze and evaluate the Forex Fundamental outlook of the
various foreign currencies. One newly obtainable free online resource I stumbled
upon is available at Fundamental Forex Outlook dot com that offers all of the
proper resources that can assist you with the challenging task of Forex
Listed below are four good tools available to the average Forex trader,
The Currency Outlook Score, which is basicallya score that is specified to
each currency depending on economic indicators and high impact news releases. A
currency score of minus 3 to plus 3 is assigned to each scheduled news event
based on its importance, market focus, and surprise factor.
For example, the US Employment Change release should have a higher impact
than the ISM Non- Manufacturing PMI figure in the US dollar, but if the ISM Non-
Manufacturing PMI comes out5 points more than the anticipated release, it will
have the same impact on the US dollar when compared with the Employment Change
in the long term.
The Outlook Score is the amount of all of the individual scores designated to