Forex Market News
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If the U.S. economy was in a recession and the market was expecting the economy to expand, the newest GDP figures would probably play a bigger role on exchange rates than unemployment figures (this is because it is common in many recoveries for GDP to expand before unemployment rates begin to drop).
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Both technical and fundamental approaches may be considered independently and exclusive of each other, but it is increasingly becoming clear that decisions to act in the market should be a careful balance of both approaches; while also, naturally, keeping into perspective the time frame of the expected investment’s duration.
Lets say he had a trading account with Broker A, while using the price feed from Broker B. The spike trader checked to see if the 100 pip spike occurred on the price feed from Broker B. If it did, the trader rushes to place a market order with Broker A. The lag in the price feed with Broker A, allowed the spike trader to get in before the full 100 pips was represented in the quoted price of Broker A.
Although trading during and around important news events can be an important part of the strategy of a trader that bases their trading decisions on fundamental analysis , many technical analysis based traders will go out of their way to square their trading positions ahead of such events.
A Forex broker review shows the information of a specific trading platform in brief, so it does not only tell you which broker is safe to use and which is not, but it will also provide you with some preliminary facts that you should know before registering.
Rather than helping your trading edge and increasing it, following Forex news and announcements take you away from where you need to be in your price action trading When we follow the news and the different announcements, whether we intend to or not we form a bias on what we read or hear.
The Australian dollar had a positive day; after trading in a negligible range of much of the Sydney morning (scalpers might take offense at that ‘negligible’ line, and I do apologise but it was a small range…) a reasonably sanguine quarterly SoMP from the Reserve Bank of Australia helped the AUD to nudge a little higher.
One of the benefits of this trading approach instead of buying/selling directly during the news events is the fact that traders can avoid trading the high spreads that form during news events, while at the same time trading based off the clues given by the market offers a lower risk/high probability entry for the trades.
In 1987 he won the (real money) World Cup Championships for Futures Trading with an 11,376% return in 12 months—the highest return ever in the competition His daughter, Michelle Williams (who is also an actress), won the competition in 1997 with a return of 1,000%.