Jasz
VIP Contributor
Forex news trading is a very peculiar way of trading. It is not a simple matter of buying and selling currencies, but rather a complex process that requires you to have a strong understanding of the market and the technical indicators that can be used to analyze it.
The first thing you need to know about forex news trading is that it is based on news events. These are things like political announcements or economic reports that affect the value of currencies. When there is good news about one currency, then its value will rise. On the other hand, if there are bad news coming down from the government or central banks, then their value will fall significantly.
Forex news traders use technical analysis to analyze these events and predict their impact on the market price. They do this by looking at historical data about how similar events have affected prices in the past.
The first thing you need to know about forex news trading is that it is based on news events. These are things like political announcements or economic reports that affect the value of currencies. When there is good news about one currency, then its value will rise. On the other hand, if there are bad news coming down from the government or central banks, then their value will fall significantly.
Forex news traders use technical analysis to analyze these events and predict their impact on the market price. They do this by looking at historical data about how similar events have affected prices in the past.