Trading using economic releases
You can snatch a large sum of money trading news. By news, we mean various economic data releases.
The economic calendar is the key tool that helps traders not to miss important events.
The key principle – the future value of the currency is defined based on whether the actual data hits, misses or exceeds consensus forecast. If the actual data doesn’t match the forecast, the currency depreciates. A number that is close to our forecast and if the report exceeds the market’s expectations the currency appreciates.
Tips:
Focus on the most important news that could produce the greatest effect on the market;
Wait for the publication of the chosen release, and then dive into trade according to the plan;
The market’s reaction lasts from 30 min up to 2 hours;
If your fundamental and Technical analysis, fail to realize, and the market’s reaction to the news doesn’t match your expectation; you should follow the market trend (probably you missed some important details in your analysis.
Don’t rush into trade; wait for really strong signals and their confirmation.
Trade Forex with F.B.S and follow our Economic Calendar here ⤵
https://f.b.s.com/analytics/calendar
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May those days brings you and your families all the goodness and prosperity.
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