Forex News Trading

Traders cashback forex the forex market (short term forex market) can gain thous forextradingwebsiteonlines of dollars based on the ups and downs and fluctuations in the price of a countrys currency In order to gain higher returns for themselves and get an early advantage over other traders, some forex traders and investors use a practice known as forex trading site trading Although the r forextradingbrokerwebsitek is very high, the potential gains can be in the thousands of dollars and many This method of news trading is very simple. It is a type of forex trading that is done in time for the release of important economic news. The main advantage of news trading is that a countrys currency can rise or fall dramatically in a very short period of time. Within minutes of an economic policy announcement, a countrys currency can rise or fall by a hundred points almost immediately. is no exception although the potential profits are very lucrative, but once the loss, the amount is also very large news trading danger comes from, the speed of the transaction must be fast, otherwise you will lose if unfortunately become an unfavorable party in the transaction, in the blink of an eye there will be a loss of funds loss so fast that there may not be time to manually close the transaction, and finally the funds are gone, there is nothing left stop-loss orders also face Although some investors and traders have quick access to trading news, the chances of making a profit are still slim. Even as an expert news trader, you have to be especially, especially careful when using this technique. Even if you use other forms of news trading such as placing orders above or below the market price, it is still a guess trade and those who trade on guesses in the market will soon lose a lot of money. First take the time to study each indicator, taking into account each risk factor, and later make decisions based on each study But for Forex news traders, they do not pay attention to these situations, the only factor they consider is the release of economic news because the Forex market, unlike many financial markets, is always open, which provides the feasibility of news trading In a given financial market, the announcement of an important corporate announcement will be followed by the suspension of securities trading in certain specific stocks These announcements are often made after the market closes for the day But because the foreign exchange market is open 24 hours a day, any economic announcement can have a direct impact on the currency of that or other countries In the foreign exchange market, there are eight major currencies traded, plus over 17 derivatives that can be traded This means that on any given This means that at any given date, any of the major trading currencies may introduce economic announcements The major trading currencies are as follows: US Dollar (USD) British Pound (GBP) Euro (EUR) Japanese Yen (JPY) Australian Dollar (AUD) Swiss Franc (CHF) Canadian Dollar (CAD) New Zealand Dollar (NZD) Due to the availability of each currency, currency pair and its derivatives (such as USD/JPY, EUR/USD, AUD/USD and others) availability, each currency can be traded at any given time, as these currencies can be traded globally any forex news trader or news investor must be up to date with the latest news releases even if the news release is only a few minutes, but this can have a devastating effect on any trader of any amount most news traders will tend to follow closely all news about economic activity However, mainly the most important news production area surveys in terms of interest rate movements, Fed interest rate decisions, retail sales related figures, inflation indicators such as Consumer Price Index (CPI), Producer Price Index (PPI), unemployment rate, industry production briefings, increased business and consumer confidence and business sentiment surveys, details of trade balance releases and foreign purchases of U.S. Treasuries may also provide news traders with useful information to make better decisions about when to trade and when not to trade, but it is important to remember that the impact of these news announcements on a countrys currency is constantly changing and that currency exchange rate fluctuations can fluctuate widely following news announcements. Trading in the Forex market based on news alone is difficult and sometimes a dangerous practice, but there are some indicators that can make the news traders job easier, such as breakout indicators (breakouts of Bollinger bands, candlesticks or price charts). If news traders can react quickly enough, even the smallest news release can translate into thousands of dollars in potential profits, but it is important to remember that these news announcements are volatile and while the profits may seem large, there is also the potential for losses