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Do You Read Forex News?

February 8, 2010 by

The currency market is affected by many news, which at a first glance not always seem to be related to Forex. Meanwhile there are many types of financial, political and macroeconomic news that influence the Forex trends directly. Forex news is the important part of the fundamental analysis, which is often taken into account by the medium-term and long-term traders. News following is different from news trading as the latter is a form of speculation aimed on short-term profits based on the instant rise of the market volatility immediately after the news release. News following allows you to understand the strengths and weaknesses of the economies that are represented by this or that currency. In my opinion, all Forex traders (except for, maybe, scalpers) should follow Forex news and be current with all the related events, as it greatly helps in making the right decisions in the market. Often, the technical situation on the charts lags behind the fundamental events that tend to change the trends. So, do you follow the news related to trading?

Do you follow Forex news?

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