bhai maine ek cheez dekha hai, ki london market mein itna jayda news mein volatile nahi hota hai, jitna jayda us session mein news ka effect padta hai, main USD news ko jayda pasand karta hoon.:)
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If a trader deals in the pair of EURO / USD then he has to follow the European news of country and the American news of country. Im after the European news of country after the publication of the news.
of course news is very important in the forex trading. If a trader are doing trading in EUR/USD pair then he must follow the European country news and US country news.
Im following the Western nation details after the posting of the details. Because it contains very useful details.The details is very important in the currency dealing. If a investor are doing dealing in EUR/USD couple then he must adhere to the Western nation details and US nation details.
gain profit with news it some time difficult specialy when your are trading in 1m , or 5m time in my case i mostly trade in day and some time for 1H time frame but sucess is some time bit nasty and some time profitable.
All high profile news must be followed by a forex currency trader and this is because the high profile news have the highest impact in terms of volatility that it gives to the forex markets. It can kill our accounts if we have no knowledge of it.
I think we should get complete picture of economic conditions in the countries to which we traded pair and piece together information to get information intact, most of the mistakes we make is we analyze news in bits and pieces and short orientation so sometimes OP we do produce things that are not in accordance with what we would expect due to the movement of prices and not according to what we thought .
Sometimes you can lose your money because a news published without your knowledge, so you must make a news calendar in front of you when you analyzing your chart and when you decided to open a position.