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In order to trade on news updates one needs to have a sound knowledge and analysis of the markets so that they know the reaction of the markets on a particular news update and they can perform trade in the right direction . One can make good money if they trade well on news updates .Quote:
Originally Posted by abcforex
ooooohhhh...... yeah obviously news has a main part and it is really very important in forex trading specially because there is always ups and downs in trading and also strategies changes day to day so it plays key role.
news is very important for us as a forex trader, because most of the news will always make the price movements in the forex market changes, usually the price movement will be in accordance with the results of the news being released.Quote:
Originally Posted by ratna
information activities are the big part of forex trading which chooses the trend and the price motions of the currency couples and technical analysis is to just follow the information activities information have much impact on forex trading . if a trader want to be professional in the forex trading he must be a best part about it reader
yes new is the thing that if you make it the perect analysis then you can make lot of money in a minute but its very hard to make the new a perfect analysis
News are most important in forex,As you might have already seen the news always affect the market whatever the position of market may be and it affects the market deeply some times.
well based on my understanding i find out that the fundamental analysis really predict the direction of the market because some fundamental analysis make higher impart in the forex market and if you don't have enough equity you don't really have to trade based on the fundamental analysis because you may end up losing your account
you can see that there is some news that affect the movement of the currency by more than 100 point move in the minute
Which means the important economic news has impact on currencies .
News is really important in forex trading as it can bring market from positive to negative within minutes and that can also cost us alot so really whenever i trade i really hope that atleast in that period there ain't any major news.
aap nay sahi kaha, ye news hi to hoti hay jo market ko move kerti hay aur aksaar hum bari bari moves jo daykhtay hain wo news kay baad hi hoti hain, iss liay news ko bhohot importance dayni chahaey.Quote:
Originally Posted by Yovraj