What is importance of news in forex trading?

[kidalona]

One of the great advantages of trading currencies is that the forex market is open 24 hours a day (from 5pm EST on Sunday until 4pm EST Friday). Economic data tends to be one of the most important catalysts for short-term movements in any market, but this is particularly true in the currency market, which responds not only to U.S. economic news, but also to news from around the world. With at least eight major currencies available for trading at most currency brokers and more than 17 derivatives of them, there is always some piece of economic data slated for release that traders can use to inform the positions they take. Generally, no less than seven pieces of data are released daily from the eight major currencies or countries that are most closely followed. So for those who choose to trade news, there are plenty of opportunities. Here we look at which economic news releases are released when, which are most relevant to forex (FX) traders, and how traders can act on this market-moving data.

[csdsu09]

news se ye hota hai ke market aksr fast hjati hai news se aur log pareshaan bhi hjate hain jab news aati hai to kiu ke news se markt ko bth asar parta hai aur market achank se kaafi fast bhi hjoati jise handle karna trader ke liye thora mushkil bhi hjata hai

[zobiaali]

i think most of the important things of forex is news and learning about forex if you want succed in forex then must should be learn this business.otherwise you can fall into loss.so i think without learning we cannot do this business.

[zobiaali]

i think most of the important things of forex is learning and . and if you want succed in forex then must should be learn this business.otherwise you can fall into loss.so i think without learning we cannot do this business.

[jdahwa547]

The long and whether prices go up or down so that we can be determined as the right choice for the good we can do in the trade as the basis of the trade that we have and we can be accomplish that in this trade we can take the opportunity which we must use our best really !!

[onrawada]

The long and whether prices go up or down so that we can be determined as the right choice for the good we can do in the trade as the basis of the traded as that we have and we can be accomplish that in this trade we can take the opportunity which we must use our best !!

[apologyx48]

Well, i believe personally that forex news is very important to trade . Forex news helps a trader very much. traders can trade easily by following forex news. Forex news is really essential .

[sakwajoujwa]

The first of all the necessary as news in the Forex markets is that the annual Germany as a news and joint news things revealed unit and the Japanese yen and the dollar reports during the third age of the Arab Republic of Egypt will measure market volatility in the opposite direction, up !!

[sana_iiml]

I know news trading is best for getting quick success but i do not interested to trade with news. But i see many times it's not true and it will be effected for your trading carrier. I always try to know about forex trading and try to get quick success.

[sachkibhaw]

The news of the trading can easily help traders to trade at best time that So trader need to avoid if trader dont know about it like i think for that i am completely for the agree for your brother then the new trader must learn more and more and do more and more practice on the demo accounts to be become the good trader and will able to the good future as well in the forex market therefore News matters in forex trading but one has to learn the impacts of news than take it into account in trading !!