How are trading based on news Forex?

Simply put, you cannot overcome the impact of which is owned by News forex markets, if it does, it is certain that you will neglect your system based on technical analysis at a certain point, but you do not know that your system is innocent ignorance as much impact forex news on the market.

Before you consider trading in the Forex market, you have to know what are the things that move the market. The answer to this is simply: Forex News! Regardless of how well you are using technical analysis, that were not aware of the global fundamental news that the market has already moved, you will be in frequent moves that you will see it is strange puzzled.

Why are trading based on news Forex?

Forex News important lead to market moves as traders acting in response to the issuance of the news, and you will be better prepared if you are on the right side of the news.

Cons trading based on news

As with all methods of trading in the Forex, there must be some negatives, and are:

- Because the markets are extremely volatile after the announcement of Forex News important, the majority of brokers increased proliferation, which could affect your trades.

- Glide be possible during periods of significant news, which is caused by the rapid movements of the market, so you when you place a request, it is possible to get a different price.

- Big market moves do not usually occur in one direction, where it is possible that the market swings up and down before the participants agree on the best direction.

Although this includes many opportunities to achieve profits, but it is not easy. You must possess good understanding of economic issues, and to know how the reaction of some of the variables are when there are some things. And this is not easy.

What is Forex news important?

Based on trading the news it is not only difficult because of the need to understand the economic issues, but because there are a lot of ads forex news on a daily basis, and if you want to interact with them all, you will fall in puzzled uncertain. The following is a list of some news reports that are worth trading based on them.

- The United States is the most important player in the market, and as a start, you have to the news issued by pursuing only

- Inflation news from the United States and news the central bank is very important and plays an important role in the Forex market is considered.

- Information relating to wars and natural disasters move markets significantly, but not as much news the central bank.

- Follow the movements of the stock market.

- When you trade based on news Forex, you should have your focus on the most liquid currencies.

Couples that you follow are: EUR / USD, GBP / USD, the US dollar / Japanese yen, the US dollar / Canadian dollar, Australian dollar / US dollar.

In the end, you attention to the following points:

When you have a directional bias, you expect that the price is moving in a certain direction, and your orders will already be present. It is always good to understand the reasons behind the market moves in a certain direction when issuing news Forex. When you have a bias not directionally, do not be an important trend of prices for you. And you are ready to move with the market.