Wouldn’t it be nice to know what is going to happen while you are away from the trading screen and how your open positions will be affected? In particular, news trading requires expert fundamental analysis skills, as you will need to understand how certain economic announcements can affect your positions and the wider financial market. Economic announcements often involve these particular factors when advising traders of recent changes within the markets.
- However, there are significant differences between the type of news that sets apart currencies from other financial markets.
- It is interesting to point out that — as Bitcoin has an uncertain legal status and is sometimes considered to be a good or asset and not a currency — forex trading with Bitcoin is in an unstable position.
- In order to read news events, you should familiarise yourself with economic indicators, which are macroeconomic factors that have an impact on all financial markets, whether it be forex, shares or indices.
- Our market calendar can be customised by date, market impact and country, so you can filter these to be more relevant for the asset or market that you are interested in trading.
In order to read news events, you should familiarise yourself with economic indicators, which are macroeconomic factors that have an impact on all financial markets, whether it be forex, shares or indices. These can include changes to interest rates, inflation, unemployment levels or retail income for a specific country and these all have a significant effect on the financial markets and overall state of the economy. A manual alternative is to monitor upcoming tradeable events using our Forex news economic calendar. This feature can be found on our Next Generation platform and highlights events such as unemployment reports, GDP, CPI and PPI figures, as well as trade reports and sentiment surveys. These events can all have an effect on market sentiment and cause major price swings within the financial markets. However, if a company releases a report with considerably lower financials than expected, this can cause a rally for traders to short the stock as its value is decreasing.
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Learn how to trade the news and spot potential trading opportunities within the financial markets. Forex, or the foreign exchange market, is https://www.forexlive.com/ a market for trading currencies. The forex market is the largest market in terms of trading volume and determines the foreign exchange rate.
Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FOREXLIVE™ expressly disclaims any liability for Forex news any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.
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