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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