FOREX Market News to Take Advantage Of
The FOREX market news is something that every good FOREX trader has to be aware of. News releases can have a huge impact on the markets and how they operate. They can cause huge swings in price relative to another currency. Since the news can cause such huge swings in the market, there are entire trading strategies that center on news releases. Here is what you need to know about FOREX market news and how it works.
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News
All news in the world does not really have an impact on the FOREX market. However, any news that may be relevant to an economy whose currency is traded on the FOREX market could have an impact. The truth is, no one really can accurately predict how news will impact a currency pair. This is why many traders simply stay away from the market when potentially big news is due.
Calendars
There are a number of websites that will post upcoming news that may be relative to the FOREX market. On these calendars, they will often include the currency that may be affected by the news. For example, the calendar might say, "Fed Chief Bernanke speaks. USD." In that case, you would know that there will be an announcement that could affect any pair involving the U.S. dollar.
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