Some facts about FOREX
Automated Forex Day Trading
The Composite Index of Leading Indicators include: the amount of new building permits for residential buildings, the S&P 500 stock index, the inflation-adjusted monetary supply (M2), the spread between long and short interests rates, consumer sentiment, etc.
Approximately 80% of all currency transactions last a period of seven days or less, with more than 40% lasting fewer than two days.
Pay attention to the release of economic indicators (for example – the monthly unemployment rate in the USA), and try to identify their impact on the market in general, and on specific currency pairs in particular.