Hi Traders
Would you like to learn how to trade the forex market with three 100% mechanical systems never published before to the public?
Well, let me introduce Forex Trading Machine. This is a must read for anyone wanting to take advantage day after day of the impressive profits the forex market offers...click here for details
Specific news announcements
Currency rates are affected by rumors, news, economic indicators and government reports.
As a day trader you must always be aware of what economic reports are scheduled on the day you are trading and at what time. Why? Simply because many of these reports can have a strong momentary impact on the market once they hit the news wires. This impact can be of 10 pips or 100 pips depending on the report and it’s difference from the market consensus.
The most important and impacting economic indicators and government reports are issued by the US government. They affect every USD/X or X/USD currency pair. Again, always know what are the release times and the importance of the economic report.
For example, suppose you are in a EUR/USD trade at 8:25 a.m. You know that an economic report is scheduled for release at 8:30 a.m. You might consider either exiting the trade before the release (in order to avoid unnecessary speculation as to what impact the report will have on the market) or entering your profit objective and stop loss into your deal station (for risk exposure reasons)....
Regards
Forex.DelijaWorld.com
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment