Trading The News: How To Do It Right

When trading forex, one of the most important items to watch at the beginning of each trading session is the news. Taking into account that forex is up and running somewhere around the world 24 hours-a-day five days-a-week, the international news reports can play an important role in prices.

Using the news in forex trading strategy

Traders need to not only check the news reports of both of the pairs they are trading, but they must also take into account how events around the globe can send prices suddenly soaring or plummeting without prior warning. Whether it’s the newest financial reports or a local catastrophe, it can send the market in a direction you were not expecting.…

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