What is importance of news in forex trading?

[cilor]

News is very important in forex trading. With the help of advance news, you can trade very comfortably and maybe make a lot of money. But it is very difficult to gather top and authentic news about forex with which we can trade with confidence. But if you have the source then you can do it easily. and I think the news in forex trading is very important. In forex trading we use two analyzes, namely technical analysis and fundamental analysis. Our fundamental analysis must follow the news of the world economy. This news greatly influences forex trading movements

[siomay]

Forex news plays an important role in currency movements, so this analysis is a preferred analysis for professional traders, because in a short time they can get many benefits, but for beginners, it is very difficult to analyze using news and news stops can be found at forexfactory. Be excellent 5 minutes before the news stops. point when the consequences of the news are red then the offer and when the effect after the news is green then the purchase. Exchange especially Nonfarm salary news ..

[Experttrader]

News is very important in forex trading. With the help of advance news, you can trade very comfortably and will probably earn alot of money. But it is very difficult to collect top and authentic news about forex by which we can trade confidently. But if you have the source then you can do this easily.

[xhezijobs]

The Brexit drama is likely to overshadow flash purchasing manager indexes that are due in the course of the European morning. A preliminary PMI for the euro zone is due at 05:00 AM ET (0900 GMT).

Elsewhere Friday, Russia will round off a busy week of central bank meetings. Expectations are that the CBR will leave its key rate at 7.75%, although the strength of oil prices, and the Fed’s looser stance on U.S. monetary policy, may have created some space for a surprise cut. At 63.74 to the dollar, the ruble is at a seven-month high against the dollar, having risen over 3.2% against it this month alone.

[xhezijobs]

The foreign exchange market (forex) for international currencies is the largest and most liquid market in the world. According to the Bank of International Settlements, the forex market accounts for more than $5 trillion in trading volume per day — dwarfing other markets like major stock markets.

The forex market consists of trading pairs of international fiat currencies pegged against each other where traders speculate and hedge risk on the price of a specific national currency appreciating or depreciating relative to another currency. Interestingly, there is no central forex exchange, and all trading is open 24 hours a day, more than 5 days a week, with OTC financial trading centers operating in major cities around the world.

[Attraction]

Dear friends news is so important for many trader, News gives us the fundamentals of the country whose currency we have to trade when the data come from the country is supportive to the currency then we buy that currency and when it is not supportive then we sell that currency to make profit from that trades and feel lucky in his trading life.

[halim khan]

The news is very important in exchanging foreign exchange on the grounds that coins often change their fees because of news. I know the importance of the news in this way. I continue to visit forex industry facilities sites where I can find every news item identified with forex. The forex production line is a very extraordinary site for forex news with the reason that it also tells us about the news that if the news violates, the effect is moderate or the news is low.

[ratu]

the news has a very good impact on market movements, even though all the news is no less important. check the forex factory website, you will get information about important news there. News really motivates Eur / Usd more than any other couple. some spikes occurred in the movement of the pair right after releasing the news, news traders took this opportunity. and news is very important because news makes our trade so easy. Without news, some type of pressure or emotion will work in our trading time. That is why I follow a good news platform.

[wifi]

But sometimes it might be the other way around but what I'm trying to say is that sometimes the news has a negative impact so it rises very high. So people might lose money by following this strategy actually if you work hard and update with market news that you can do better then I also think that trading news is very bad and dangerous and the effect is everyone is psychologically actually but you know that news trading is very risky

[ntn]

Sir collect everyday news for your trade in forex then you can finish your trade in forex because news gives you very important things which help you for finish your trade in forex so you can win in forex trading.