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[QUOTE="Vlad RF, post: 200319, member: 61796"] [B][SIZE=5]How to Work with Sources of Information and Avoid Falling A Victim to Market Panic[/SIZE][/B] [I]Author: Vadim Kovalenko[/I] [CENTER][IMG]https://blog.roboforex.com/wp-content/uploads/2021/09/20.jpg[/IMG] [B]Dear Clients and Partners,[/B][/CENTER] In the era of the Internet and electronic media when information is available to anyone, it’s become easier to fall a victim to a pre-planned information attack. In this article, I want to tell you how to avoid this “doom” when analysing financial news. When you’re overcome with market panic, you can take wrong investment decisions, which will make you lose potential profit or, which is worse, suffer losses. From time to time, news media misrepresents a real picture; however, even in these cases, one can eliminate the unlikeliest pessimistic or optimistic scenarios. To be able to do this, one has to be well informed about basic concepts of the nature and special aspects of provided publicly available economic information. [SIZE=5]Where should we start?[/SIZE] At first, you have to understand: ordinary people don’t have and will never have an amount of data available to civil servants just because some part of this data is highly classified information. Therefore, one should rely only on public sources. Economic data implies a set of indicators that display the national economy state or show any changes in all its components. When performing market analysis on one’s own, it is recommended to use only documentary information sources. [IMG]https://blog.roboforex.com/wp-content/uploads/2021/09/1-data-1119x630.jpeg[/IMG] [SIZE=5]Types and sources of information[/SIZE] There are a lot of economic data classifications but we’ll talk only about the most important ones. The data is divided into: [LIST] [*]Forecasts: short-, mid-, and long-term. [*]Planned: can be found in the economic calendar. [*]Accounting: financial reports, national statistics. [/LIST] If you’re a rookie in analysing economic indicators, it is recommended to stay away from ready analytical reviews because they are already distorted by the author’s subjective perception. It’s much better to work with primary data. Of course, in the very beginning, you may draw false conclusions but they will be your personal mistakes you’ll learn from. However, sometimes you should read opinions given by popular financial analysts to have a second opinion. [URL=https://blog.roboforex.com/blog/2021/09/28/how-to-work-with-sources-of-information-and-avoid-falling-a-victim-to-market-panic/?utm_source=earnforex.com&utm_medium=cpc&utm_campaign=rf_en_external_forums_blog&utm_content=text]Read more at R Blog - RoboForex[/URL] [B]Sincerely, RoboForex team[/B] [/QUOTE]
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