Monday, December 9, 2013

Trading the News in Forex market

Trading the News inForex market

Forex Trading based on fundamental news can be a tricky matter. You can have a situation where the numbers come out very good for the asset that you want to buy, yet the asset will drop in value. This happens because the Forex traders in the forex market have certain expectations of what numbers will be in the report. They will speculate on the outcome before the economic report comes out and place their forex trades early on. If the report does not live up to their expectations, it won’t matter whether the news is good or not, the market can seemingly move in the wrong direction as the early forex traders dump their positions. In Forex Trading, to speculate on news is very risky and should only be done after several years of forex trading experience.

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