Traders base their business decisions on intuition or on sound analysis. The last and to our opinion best option requires that he is constantly up to date with the latest market developments.
Nowadays a multitude of information is available and can be accessed either free of charge or by paying subscription fees. However, the key to success is to look at the right information, to interpret it correctly and to translate it to your own business situation. This has proven to be a hard task and good results depend heavily on how this task is tackled.
PJK will try to explain which approaches are used in practice and why these are used.
In any case three important markets need to be analysed:
a) the international market
b) the local market
c) the futures market