I agree with you regarding the talking heads on TV. There's something that you have to understand about these "talking heads". As you know in technical analysis you have short term, medium term and long term technical analysis. What you may not know is that you have the same in fundamental analysis.
Short term fundamental analysis covers fundamental impacts over a few days to a few weeks, medium term covers few weeks to several months and long term several months to years
And just as you have short term trends moving in opposite direction to long term trends, you can have short term fundamentals in contradiction to long term fundamentals.
Long term fundamentals change slowly over time, medium term changes slowly but faster than long term and short term fundamentals change much faster than both medium and long term.
The talking heads on TV, of course have to talk about something or else they'll have no viewers, so guess what they talk about? That's right short term fundamentals!
When you start to get a good grip on fundamentals, assess the medium and long term fundamentals and then see how the short term fundamentals fits in. For instance when the short term is in contradiction with the long term, cut your position size by taking partial profit, reducing the position, etc, then when the short term lines up with long term you can add to your position to maximize profits. This way of trading can help you ride the entire movement in a trend by cutting losses and maximizing profits.
Anyways, back to your question. I'd suggest reading everything you can find by Kathy Lien, Victor Sperandeo ( wall street stock trader ) has good books explaining how the Fed works, also read all you can about Macro economics to understand "the big picture", look up InterMarket Analysis to get an understanding of how bonds, stocks, currencies, and commodities like oil and gold are all interlinked and how they impact each other in different market conditions.
Short term fundamental analysis covers fundamental impacts over a few days to a few weeks, medium term covers few weeks to several months and long term several months to years
And just as you have short term trends moving in opposite direction to long term trends, you can have short term fundamentals in contradiction to long term fundamentals.
Long term fundamentals change slowly over time, medium term changes slowly but faster than long term and short term fundamentals change much faster than both medium and long term.
The talking heads on TV, of course have to talk about something or else they'll have no viewers, so guess what they talk about? That's right short term fundamentals!
When you start to get a good grip on fundamentals, assess the medium and long term fundamentals and then see how the short term fundamentals fits in. For instance when the short term is in contradiction with the long term, cut your position size by taking partial profit, reducing the position, etc, then when the short term lines up with long term you can add to your position to maximize profits. This way of trading can help you ride the entire movement in a trend by cutting losses and maximizing profits.
Anyways, back to your question. I'd suggest reading everything you can find by Kathy Lien, Victor Sperandeo ( wall street stock trader ) has good books explaining how the Fed works, also read all you can about Macro economics to understand "the big picture", look up InterMarket Analysis to get an understanding of how bonds, stocks, currencies, and commodities like oil and gold are all interlinked and how they impact each other in different market conditions.
Identifying Forex Market
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