Phabbyfundz
Active member
In forex trading, all information is transparent and instantly available, and, therefore trading decisions are based on real facts and not just inside information like in the case of the stock market. Also, economic factors like the interest rate and inflation are accurately and instantly released by reliable sources like Reuters, economists ,bloomberg and so on, and also from governmental agencies.
Economic data can really cause market fluctuations and forex traders and brokers can take advantage of the situation to realise a profit.
There are also some common factors that influences currency rates this include
1. The central bank ; interest rate and quantitative easing.
2. National economy;
-GDP, inflation and deflation.
-Trade balance report.
-employment statistics
3. Politics
-the country government stability
- public statement ,press announcement.
- change of government officials.
-military conflicts.
Economic data can really cause market fluctuations and forex traders and brokers can take advantage of the situation to realise a profit.
There are also some common factors that influences currency rates this include
1. The central bank ; interest rate and quantitative easing.
2. National economy;
-GDP, inflation and deflation.
-Trade balance report.
-employment statistics
3. Politics
-the country government stability
- public statement ,press announcement.
- change of government officials.
-military conflicts.