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So, we have discussed that forex charts tell you everything. Now I’m suggesting that they tell you absolutely nothing (to balance the equation).
Again, recently I have been on a bit of an “expert interview” rampage. I (nicely) cornered the manager of an internationally renowned banks mutual fund, who is responsible for taking care of more than $2 billion US in equities of global stocks - many of whose names you would probably recognise.
I know that this is a forex blog, but the argument still holds true - you get fundamental analysts, technical analysts and ones who are a mix of the two.
The person I interviewed on this occasion was the opposite of the institutional and retail investors I have so far mentioned in the posts below, particularly, http://www.sambeatson.com/?p=92
I asked him somewhat without basis or evidence to asked such a closed question, “so, are you a technical analyst, do you look at the charts of these companies as one of the top 5 criteria for selecting particular stocks?”
He laughed wryly and said:
“No, we do things the old fashioned way here.”
“What do you mean exactly by, ‘the old fashioned way’?” I replied.
Without a pause he replied “we call up the companies directly and find out if they are going to deliver on the expected earnings or not”
This guy was heavy on his research. He was not interested in charts or technical analysis. He wanted to know the fundamentals.
If you have bought the recommended book of the post http://www.sambeatson.com/?p=85 or been sent it by me you will know that Soros seems to have the same approach - he wants info from the top insiders.
If you are a customer of my newsletter - past or present - you can expect this book or “The Alchemy of Finance - by George Soros” to be sent to you via snail mail as soon as I get more of it in to stock here as a gift to you once you’ve been a member of the newsletter club for more than one month.
You can join here: http://www.fasttrackforex.com/letter
So, with such market moving professionals in to their fundamental knowledge in their decision making, it warrants that the retail investor too can also afford to do some fundamentals research.
To help you to do this, I created a (BETA) forex software which acts as an internet explorer browser, but has a built in forex specific search engine, powered by http://www.google.com and also forex resources such as news information and calendar, links to research and analysis on the web.
You can get it for *FREE* by signing up to my newsletter below, or simply download it off the menu of this blog on one of the two sides under “forex traders internet browser”. That’s all the news for now.
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