This is the first podcast to the fundamental analysis module, and it is I want to explain what you need to understand about the fundamental news, and its impact on the markets.

As in any economy, if people feel confident and have security of employment, then they will spend and the economy will grow.

Moving to the employment cost index, this is a quarterly report issued in the US by the Bureau of Labor Statistics and is considered to be a leading indicator of inflation, and therefore another in the tranche of releases which reflect this key metric of expansion or contraction in an economy.

Moving away from Australasia we go to the other side of the world, and the US markets with oil, and here the focus is the weekly crude oil inventories report, issued by the IEA. And there are several noteworthy issues here.

But at this stage of explaining equity markets and their importance to us as forex traders I would like to introduce two other key analytical tools.

In this video podcast I would like to introduce some currencies which although not heavily traded by most forex traders, are nevertheless important, and can tell us a lot about market sentiment and money flow.

Now in this video podcast I would like to consider an individual price bar in more detail, and the four elements help to create it.

One of the biggest problems the insiders face when mounting any campaign is they can never be sure when all the selling has been absorbed, in an accumulation phase.

Risk comes in many different forms in the trading world, and it is perhaps a further irony of trading, that as traders we are considered to be risk takers.

You might think it strange to be talking about tactics at this early stage, and perhaps even more so given many traders struggle to forecast market direction with any degree of consistency, but in a doing so this may just explain the reason why.