Dear all
I have this question from long time how to trade in forex by reading or watching the news i'm from long time trying to learn this but no body help me about that i need some on to explain for me .
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Dear all
I have this question from long time how to trade in forex by reading or watching the news i'm from long time trying to learn this but no body help me about that i need some on to explain for me .
I have not been able to read and make predictions from a news trade, but I know that every news has a high impact will make the price move fast and far. so when there is news on the release of my create pending order buy stop and sell stop above and below the price a view minute before the news release...
i want to learn when you read the news how it will be efect in you'r trade because i follow some people to now lose 110$
If you got news,The number of jobless in USA increases.It means the value of USD decreases.So,you should sell USD.When you get news, Newyork stock exchange is on fire.That mean the value of USD increases.So,you put buy order of USD.
If you want to know how to trade on news hour then you need to follow every news previous chart. And you can easily get it from economic calender. On calender you can easily get which news can more effected and which news are not and what type effect on news published time.
Watching news, fundamental analysis and sentimental analysis are linked with each other. A trader has to realize future market movement as soon as he watches the news; bad news about a specific currency leads to rapid decease of its market value and vice versa. A successful trader has the capability to react within this very short span of time. Due to the news> there is a spike impact on market, sometimes only highs and sometimes only lows. Its better not to trade when a news impact is predicted to be spike on on market.
:accute: