Forex News TradingOn the news are trading, both beginners and professionals. This approach provides a sufficient level of accuracy of forecasts and a decent profit. The main thing in this approach is to use authoritative and proven sources of information.
The essence of this strategy is to open deals during the release of the most important economic news. Earnings in this case are provided by increasing volatility and trend impulses.
When using a trading strategy on the news, it should be understood that political and economic events affect changes in the financial market. Such news deals with such things as:
- inflation rate;
- rates of central banks;
- international situation;
- rising unemployment.
Most of all changes react to the currency market. That is why forex traders often work on news strategies.
Interested in this method, investors should get access to the economic and financial calendar. The principle of forecasting in this strategy is based on the search for an event that will have a great impact on the market. Practical experience will help suggest exactly what changes it will be.