News Based Trading

 

A major advantage of forex trading is that the forex market is open 24 hours a day, five days a week. Markets move based on news, so economic data is often the most important news for short-term movements. This is especially true for the forex market, which reacts to US economic numbers and news from around the world.

Before you develop a strategy for forex trading with news, you need to consider which news events are most relevant to forex trading and worth trading.

When trading news, you first need to know what releases are actually expected this week. It is also important to know what data is important. Generally, the most important information relates to changes in interest rates, inflation and economic growth, such as retail sales, manufacturing and industrial production.

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