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Trading against the news
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[QUOTE="Nite, post: 183396, member: 28512"] A lot of short term traders decisions are based solely on technical analysis rather than fundamental analysis. It's quite common for them to completely ignore the fundamental factors. They don't realise that fundamental analysis is as important as the technical analysis. News releases such as inflation, interest rates changes, earnings reports can have significant impact on the market. Therefore, news forcast can prove vastly beneficial to traders and can strengthen their trading strategy. [/QUOTE]
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