kochtgr Posted April 4, 2011 Share Posted April 4, 2011 If someone wants to succeed as a forex trader, it is important to be informed about the international economic and political developments. Being informed about what is happening through the world and especially in all of the major economic and political powers will help you take advantage of investing opportunities or avoid risky situations. You do not have to predict the effect of the news in the forex market. You should just stay alert when economic reports and major events taking place and stay away of the market during these times. Even if you are using only technical indicators & graphs and you do not care about the fundamentals behind a currency pair you should not ignore the news and especially the time of news announcement. Considering the different time zones that are involved in the various forex trading sessions around the globe, you will find that something is happening virtually 24 hours a day. Nevertheless, you should focus on the regular announcements and reports in the countries that are of most interest to you. For instance, if you trade only the EUR/USD pair you should focus on news and events that taking place in Europe and USA. News from other countries will still affect the rate of EUR/USD pair eventually, however, not with such a fast and devastating impact on your trading. Virtually anything that has an effect on the US economy will affect all the currency pairs in the forex market since the US dollar has the highest traded volume of any currency. So something like a drawback in the US housing market, which might not seem to affect the forex market directly, it actually does. Economic reports and news is the primary attention but political events and news will have an impact too. For example the election of a new government will influence currency values based on whether the markets believe that the new governance is likely to take the country into a better economic position or not. In the previous decades it might was difficult to keep yourself informed with everything that was happening around the globe. Today thanks to the internet, you can easily get informed in a matter of seconds about what is happening in every corner of the planet and affects the forex market. Actually, it is so easy to keep up with news and events around the globe that you may possibly end up wasting too much time just checking out each of the online financial websites, blogs and newspapers. Source: http://www.opportunitiesplanet.com/forex-trading/the-importance-of-news-in-forex-trading/ Quote Link to comment Share on other sites More sharing options...
boniez Posted April 24, 2011 Share Posted April 24, 2011 almost all news was important, especially when NonFarm_payrol was released. we should be aware about that, or we'll get a margin call just a few minutes Quote Link to comment Share on other sites More sharing options...
myregister Posted November 11, 2014 Share Posted November 11, 2014 News is very important, as you can see many traders depend on the news and the market could change upside down just in seconds and later following even up to monthly if there aren't much change. News said to make around 90% of market movement. Quote Link to comment Share on other sites More sharing options...
Alice Frampton Posted February 23, 2015 Share Posted February 23, 2015 One thing we must clear in our mind and that is that it does not matter we are trading in news or not but we must be fully aware of the times there are major events if even by mistake our trade is active in that time and it’s in wrong direction we can easily get our account empty without any waiting, therefore no need to trade with news but be wise w enough to know about it and that’s why I love OctaFX broker as they give me ideal place to have full idea of news with the system where we get all the news event information according to our time zone. Quote Link to comment Share on other sites More sharing options...
myregister Posted February 26, 2015 Share Posted February 26, 2015 Of course, very important, the news is usually in the form of economic policy that has been proven to create a real and definite trend, so that just by looking at the news we've been able to predict the movement of market prices and you don't have to learn about thos confusing technical analysis. Quote Link to comment Share on other sites More sharing options...
shemoalaa85 Posted May 18, 2015 Share Posted May 18, 2015 News is very important, as you can see many traders depend on the news and the market could change upside down just in seconds very important, the news is usually in the form of economic policy that has been proven to create a real and definite trend Quote Link to comment Share on other sites More sharing options...
pepy Posted May 23, 2015 Share Posted May 23, 2015 New is very important for traders, it is a real time data about how good one country economy with that you can make analysis and then make prediction which of course later will give you much more profit in future, as long as that prediction is right. Quote Link to comment Share on other sites More sharing options...
myregister Posted June 3, 2015 Share Posted June 3, 2015 90% of the movement that is happening in the market is because of the news, people psychology affected easily by the reliable economic data. This is the biggest price driven in the market and guess what even big technical traders still looking for news too. Quote Link to comment Share on other sites More sharing options...
pepy Posted July 1, 2015 Share Posted July 1, 2015 I don't know how much that movement affected by news, but that is right news really affected people alot. For example with Greece Debt News, it surely affected EURO a lot and in EURUSD, USD is getting stronger and if later ISM manufacturing showing better result, i will see that USD is getting stronger more pushing EURUSD to lower level. This is one of the example why news is very imporatnt in foreign exchange trading. Quote Link to comment Share on other sites More sharing options...
myregister Posted July 20, 2015 Share Posted July 20, 2015 I don't know how much that movement affected by news, but that is right news really affected people alot. For example with Greece Debt News, it surely affected EURO a lot and in EURUSD, USD is getting stronger and if later ISM manufacturing showing better result, i will see that USD is getting stronger more pushing EURUSD to lower level. This is one of the example why news is very imporatnt in foreign exchange trading. The movement of price in short to mid term surely affected by the news such as GDP, Retail Sales, Interest rate, CPI and NFP(in some countries it is Employment Change). Usually it is high impact expected by many people who waiting for that news, some people said it 1st class news and mostly has chance to drive the market to another point and has bigger sentiment than other Quote Link to comment Share on other sites More sharing options...
pepy Posted July 26, 2015 Share Posted July 26, 2015 Of course it will be short or mid term, but that is depend on what kind of news that you choose. Interest Rate usually happened in mid term especially if that is happening in thursday to monday or friday to monday. News still important and very important in my own mind never changed and my only indicator. Quote Link to comment Share on other sites More sharing options...
myregister Posted July 31, 2015 Share Posted July 31, 2015 Same here my first but not the only indicators, news is very important indicator to help me trade. I see many traders feel that my way is too risky but that is not the case, with news trading i feel like i don't have to trade everyday and just need to focu with one or two trading. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 7, 2015 Share Posted August 7, 2015 You can use news as the only indicator and that won't hurt you, based on my view this news based trading has accuracy as high as 90% and as low as 60% so far calculated from my 3 months trading, it is around 72% with true prediction while the rest is having different reaction than what i expect. Quote Link to comment Share on other sites More sharing options...
Decub Posted August 13, 2015 Share Posted August 13, 2015 You can use news as the only indicator and that won't hurt you, based on my view this news based trading has accuracy as high as 90% and as low as 60% so far calculated from my 3 months trading, it is around 72% with true prediction while the rest is having different reaction than what i expect. News trading when you quite understand it is something that you can have some high degree of accuracy. It is also important that the person who is trading the news should put more of the focus on his ability to even understand the news much more before depending on it. Quote Link to comment Share on other sites More sharing options...
myregister Posted August 23, 2015 Share Posted August 23, 2015 Well news trading is not really bad just like what many people said in fact you can make profit with it, but what i want to emphasize here that as long as you know the key when to enter after news and when not to do that you still can make profit with news that you use as indicator. Quote Link to comment Share on other sites More sharing options...
pepy Posted September 10, 2015 Share Posted September 10, 2015 News are very important for forex trader, without news we cannot know how a country can survive in the crisis or does a country doing well and have a good performance on their economy.As for that fundamental analysis cannot work without any news that you can use as indicator. Quote Link to comment Share on other sites More sharing options...
myregister Posted September 23, 2015 Share Posted September 23, 2015 Not all news and what you expect will bring higher accuracy, i estimate at most 90% but usually i find out only around 75% or 70%. Exit and enter the market is crucial for news based trading. Traders must know the right time to do that and must act fast to reap more profit. Quote Link to comment Share on other sites More sharing options...
pepy Posted November 14, 2015 Share Posted November 14, 2015 Not all news and what you expect will bring higher accuracy, i estimate at most 90% but usually i find out only around 75% or 70%. Exit and enter the market is crucial for news based trading. Traders must know the right time to do that and must act fast to reap more profit. Of course but as reference low impact expected news could be useful too. I don't care how much percentage it is as long as majority of my trading ended up as profitable trading. I know exit and enter of the market is crucial especially with news trading who depend on news alone. Quote Link to comment Share on other sites More sharing options...
myregister Posted November 16, 2015 Share Posted November 16, 2015 Well thanks for the reminder, but for me low impact has lesser impact it just has impact which is not as big as high impact news, and even it can compete with high impact news it is just happen rarely, maybe thrice in 1 year? But if that is medium impact i could count on it. Quote Link to comment Share on other sites More sharing options...
pepy Posted December 10, 2015 Share Posted December 10, 2015 Overall people will go for high impact news because as we expected mostly (98%) the result would be rarely bertray you especially if you prefer short term trading that only take few pips. The importance of news will be always big and one of the indicator of every single trader to take an action before trade. Quote Link to comment Share on other sites More sharing options...
myregister Posted January 12, 2016 Share Posted January 12, 2016 Overall people will go for high impact news because as we expected mostly (98%) the result would be rarely bertray you especially if you prefer short term trading that only take few pips. The importance of news will be always big and one of the indicator of every single trader to take an action before trade. Rarely? I don't thgink this is quite rare but lately from november to this january, NFP bertrayed me in 3 consecutive losses could you imagine what i felt? Damn, loss 40 pips is not a big deal for big traders but for me it is quite huge loss and especially in the same news. Well only 90% it may true nost 98% i don't know where do you get that but please stay away from mid december to mid january when you want to trade with news. Quote Link to comment Share on other sites More sharing options...
pepy Posted May 8, 2016 Share Posted May 8, 2016 Well that is life as forex trader isn't it? Sometimes we lose our money sometimes we earn a lot of money or even just small amount of money. News is the only indicator that fundamental type trader have but it doesn't mean that news will be the indicator that make us profit. Quote Link to comment Share on other sites More sharing options...
myregister Posted May 19, 2016 Share Posted May 19, 2016 @sidejob: I am also a typical fundamental type trader, so that is why new become the only indicator that i am using right now and the result whether it is good or bad will influenced my trading later when i want to open a position and so do when the news result is inflicted each other that i will avoid as much as i can. Quote Link to comment Share on other sites More sharing options...
pepy Posted June 9, 2016 Share Posted June 9, 2016 So you are? Before i was but i am trying to be a bit hybrid right now, with add few technical analysis view each time i want to trade. News for sure is pretty important just see how much it could drive the price and news is called as indicator in fundamental, which means the basic thing which affect the movement of course is news and sometimes rumour, but i prefer news because that is the data. Quote Link to comment Share on other sites More sharing options...
myregister Posted August 1, 2016 Share Posted August 1, 2016 I am full fundamental traders right now. I need to earn more with that, not to mention the importance of news in forex trading is big thing, i can trade once in a month and still earn, or twice or even 3 times in a month. Also the accuracy of news is high, i know sentiment is above the others but still in fact we cannot ignore the importance of fundamental factor. Quote Link to comment Share on other sites More sharing options...
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