Ignoring the news and fundamentals is wise, markets price-in impending economic events, that’s where we get the old saying ‘buy the rumor, sell the fact’. It’s almost as if everyone involved in the financial media knows this ....
Sydney, Australia (PRWEB) June 27, 2012
Nial Fuller, CEO of Learn To Trade The Market, the foremost online trader’s community, is urging traders to ignore the media “hype” regarding the euro-zone debt crisis and other recent economic news headlines. Instead, he encourages traders to form their trading and investing decisions primarily using price action analysis. Nial believes that price action traders are at a distinct advantage over their opponents who trade based on opinions in the media and economic news headlines.
The idea behind pure price action analysis is that by reading the price movement on a chart you can make sense of all variables affecting a market at any given time. In other words, price action traders believe that price factors-in all opinions, news, rumors and other factors that affect a market.
Nial commented, “Ignoring the news and fundamentals is wise, markets price-in impending economic events, that’s where we get the old saying ‘buy the rumor, sell the fact’. It’s almost as if everyone involved in the financial media knows this but they continue to preach news-trading and imply that analyzing all a market’s fundamental variables is super-important, because what else would they have to talk about if not that? Look at the euro from June 1st to about June 20th of this year; all bad news basically, and the pair rallied up. Amateurs who don’t know any better will buy or sell just based on what they hear the talking heads saying on TV or on the internet, this is not right. Trading based on what the price is saying is more logical, it’s evidence, and who would not take the side of evidence over the hearsay news and opinion that many news agencies and journalists provide to the public?”
For the masses of confused and bewildered traders who are new to the market, the media’s often naïve opinion and analysis of current market conditions sadly leads many astray. The Learn To Trade The Market (http://www.learntotradethemarket.com) mission is to provide an alternative to this confusion by helping traders form decisions based on the market’s most relevant and reliable data, price action.
About Nial Fuller
Nial Fuller is the CEO of Learn To Trade The Market, the company teaches traders how to trade with simple price action strategies that give them an effective and logical trading edge as well as a flexible approach for navigating today’s volatile financial markets. Learn To Trade The Market provides price action trading education to traders from all experience levels and backgrounds; the concepts taught by Nial Fuller and his team can be applied to any global financial market.
You Can Follow Nial Fuller on Facebook & Nial Fuller on Google+
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