Forex data mining


Forex trading positions validated through social media in the present, take not only technical indicators into consideration, but also the underlying fundamentals of the markets, in the present.

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In essence, bots and expert advisors are merely software programs designed to hypothesize future trades based entirely on basic statistical analyses of old forex data. They have a hard-coded back-testing or pattern-recognition based rule-set that DOES NOT and CANNOT entertain any fundamental market indicators, making them extremely DANGEROUS to run on everything from a crawling, nearly-asleep market to a volatile one of the likes of what 7566 presented.

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The data mining process breaks down into five steps. First, organizations collect data and load it into their data warehouses. Next, they store and manage the data, either on in-house servers or the cloud. Business analysts, management teams and information technology professionals access the data and determine how they want to organize it. Then, application software sorts the data based on the user's results, and finally, the end user presents the data in an easy-to-share format, such as a graph or table.

Forex Historical Data

Sampling data from a combined social member-base of over Billion Users, of whom perhaps 55,555 to 655,555 are traders or people with a self-proclaimed interest in forex trading (according to Facebook Ads, this figure &ndash taken today on the 68 th of January, 7567 - varies between 65,555 to 95,555 active forex trading enthusiasts on Facebook alone, spread out over the USA, UK, New Zealand, Australia, Canada, China and Singapore)

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The result: Traders validating their positions using other traders&rsquo positions, only placing trades that are proving to be profitable.

From a statistical perspective , the use of back-testing (put on a royal pedestal by Forex Bot creators) has almost never been proven to predict future movements over short, medium or long-term timeframes, and is hence a DANGEROUS tool if used as the ONLY tool in a financial trader&rsquo s arsenal.

In essence, forex bots are always perpetrating the notion that fundamental analysis has no influence on technical analysis, that the forex market is somehow linear in modality and that the mining of redundant data can somehow create the perfect future trading strategy.

In an age of extreme market volatility, broken financial paradigms and collapsing financial structures, there are still those who lead the capitalization of these circumstances with substandard and appallingly useless provisions.

Direct from the Company
Any company that doesn't have a website nowadays likely isn't worth your time. Even most of the stodgiest "old-economy" companies have websites if for no other reason than to provide information about themselves. When at the company's website look for an "investor relations" link. There you'll often find a downloadable annual report, financial statements, stock info, company news, etc.

Corporate Filings
Probably the most useful sources of information, corporate filings provide investors with information detailing companies' financial health, future prospects and past performance. This is the kind of information you need to judge whether certain stocks, bonds or mutual funds are smart investments. For mutual funds , these filings will tell you the fund's level of returns for the past quarter, the fund's expense fees and its portfolio holdings. For the companies that you need to research when buying stocks and bonds, these filings go through the company's balance sheet , detailing financial health and future outlook.


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