Q: Can You Predict Fundamental Data in Forex
Is there a way to predict fundamental data before it comes out? If so how?
Got a Question? Send it in!
Thank you for your question! There is of course no foolproof way to predict fundamental data in FX but at BK we have put in hundreds of man hours of research in trying to handicap economic reports. Economic data is like a puzzle made up of smaller pieces. For example the country’s GDP can be greatly influenced by Retail Sales and Trade Balance data, so if you have those pieces of information ahead of time you can sometimes come up with more accurate prediction than the market consensus. In the forex market there are scores of such economic clues that can shed light on the key data releases and while it is almost impossible to predict with precision traders can often get an idea of whether the data will beat or miss consensus expectations.
**Stops can be subject to slippage by your broker
Just fill out the form below and we will pick 1 or 2 questions to answer per day and post the responses on our website.
*Please note, we CANNOT comment on your individual trades. We can only provide general advice.