What is Forex and how does it work?
27 November 2015
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theforexscalper
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Learn everything about Orderflow trading?
theforexscalper
Email us now :
info@theforexscalpers.com
Forex News
If you want to succeed as a forex trader you should always keep the news in mind.
It will help you to protect and improve your investment by knowing what is happening.
And not only in your own country but in all the major economic power.
Because the price can suddenly move differently when important news arrives or has just been released.
You don’t need to know all the news, of course, but it’s always good to know what news is released that day.
So that you can take into account wich trades you can open that day.
It is also important that you do not ignore the news.
Because in some cases you can lose a lot of money if you are in the middle of a news trade.
There are a number of events every day.
All of which are related to a particular forex pair.
Take a look at the example below.
We also see that the news is split into different colors.
Yellow news means it won’t have much impact.
With orange news there can be an impact and with red news there is a good chance that the impact will be very large.
Forex news
We can also see which currency is involved.
So, for example, do we see red news on the EUR at 12 noon?
Then we better not trade the euro at that time.
You can also check this yourself on, for example, forexfactory.com
For example if you trade only EURUSD you need to stay up to date with developments in Europe and the United States.
Events in other nations, such as financial results that are very good or poor in the long term, can also have an effect on the euro and the US dollar.
But not nearly as rapidly and dramatically.
As the US dollar has the largest amount of trade in the currency market, all the news that affects the US economy has a direct effect on the entire forex market.
Therefore it would appear, that the slump in the US housing market is not directly influenced by the US currency, but it is not.
This will have an immense effect on other financial metrics, which, in turn, will influence the value of the dollar.
The impact will bring not only financial news but political changes as well.
The election of a new president can influence the value of the currency.
For example depending on whether the world assumes that a better economic role will be given by a new man in the country’s leadership.
It will not be difficult to be aware of events if you are sincerely involved in active forex trading.
Even from the most distant nations, the internet will carry your news.
You can easily keep up with world affairs by regularly reviewing various online news publications, social networks, and blogs.
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Welcome to my author blog. With over 12 years of experience in the financial markets, Trading is more than a profession for me; it's a passion that has fueled my curiosity and determination. Over the years, I've explored various trading strategies, dabbled in different asset classes, and navigated through the ever-evolving landscape of technology and innovation. Through it all, I've witnessed firsthand the transformation of the financial industry. My mission is to share the wealth of knowledge I've gained over the years with you, my fellow traders and aspiring investors. Whether you're a seasoned pro looking for fresh perspectives or a newcomer eager to understand the basics, you'll find something valuable here.
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One Reply to “Forex news / Why you should be aware of International News?”
all of information or news affect the financial market, especially forex. Recently, pandemic cause the fluctuation of economy, and cause anxiety to trader. Therefore, trader should be aware of international news