Trading strategy with News in Forex
Currency trading market based on many criteria moves and perhaps the most important and most influential are the news and economic data pertaining with strong economies as an economy States Almahdh and Japan’s economy and the economy of the European Union and other influential economies, both on its currency or currency pairs in the trading markets in general. Moving a lot of traders to choose a trading strategy by the news as one of the most common trading strategies and perhaps the majority of them see them as an opportunity to achieve gains, and regardless of the effectiveness of other strategies, we can not deny the effectiveness of this particular strategy, but you may need a lot of the lessons of how to use them accurately and with great caution during the follow-up of the market, moment by moment in allocated to the trading period.
There are lots of news and data that are issued daily, which is for the economies of the powerful countries that we have mentioned previously and we are talking about important news that will move the market as a whole or a particular currency pair or group of currencies correlated pairs, there are important economic indicators as an indicator of consumer prices, interest rates and the resulting GDP and employment, unemployment, and other important economic indicators in addition to the central banks and important meetings and conferences rate decisions. Perhaps the rolling, which depends on its strategy on the news stays close to the market is watching his movements and studying news issued and the extent of previously impact and expected volume ratio impact on the country’s currency to year and currencies related news, must be rolling out the news type, there are weekly news and there are monthly and there are annual rates and all her different effect.
Be prepared for any emergency depravity forex market checkered constantly may change direction within seconds may be crucial for your position, you should realize how fit your operations and your orders deliberative with it, and the accuracy and choose the right time Story is not waiting for you to finish the implementation of the deliberative orders as it deems appropriate, the market may move suddenly at the very moment when the news of important issues have been expected or unexpected movement be based on the type of news and its result as well as the country of its own, it has been the reaction of a surprise to the issuance of this news take a psychological aspect for traders. IQ here is the follow-up and then connect all the events and expectations and possibilities in a scenario own serve your strategy, which relies on the news.