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The foreign exchange market works on any news. News and have a dramatic effect on the overall market. If you do not use new then you left a great way to trade on the Forex Market. Without further that cause fluctuations in currency prices you can not do a good trade.
Could be that news is powerful because it can change the present market trend but knowing the impact of the news to the market is hard to predict and analyze because the market sentiments can be confusing and blurry.Quote:
Originally Posted by Forexboy
It is very important to be familiar about the Forex market news as we can get several ideas about the Worlds economic natures and could guess that which currency pairs would go in which way.One could be very much aware of the news as ignorance of that could make you miss an opportunity in the trading market.
There are lots of importants of news in forex .You can trade with basis of the market news which is a important factor in forex trading.Such as if the us dollar condition become strong you can order sell in case of Euro/Usd pair.So we have to depend on the News.
I thinks, News is the best line for decrease the traders tension. Its a great information provider about forex market. Every trader follow the the market situation and analysis his invest plan.
It is not very easy and not very hard to earn from forex if you do study prior to trading as you do before going to give a examination in the real life and you will get the marks in percentage. Like that in forex if you study deep you will get more percentage, if you do not study then you will fail.Quote:
Originally Posted by birbolnath
In forex, news plays a vital role. With the help of forex related news, you will be able to learn many thinks. You can manage your risks through this. You can even get currency information from forex news also.
News is important in forex we need to go for the trading with the experience and also we have to go with the indicators so that we can best here and can earn lot with our analysis.
if you follow news then indicator are worthless on news time. because On news time indicator can't give you right information about market. I think indicator only for technical analysis not for fundamental analysis.Quote:
Originally Posted by rock
Indicators give us indication that where price will go and this indication is based on the previous market movement. News affect the market much and these are the news which move the market or there will be only little movement in the market if news don't affect the market.