News events make the market shaky and volatile. Try to stay up-to-date to make headway in trading. I follow dailyfx for news. I am active on other social media too for news update. FXOpulence provides signals at times to help traders earn some profit and I follow their signals sometimes.
Do you follow Forex news?
- Thread starter Latham
- Start date
GeekyForex
Well-known member
Following key economic announcements is crucial for well informed trading. Even if you are not looking to trade the announcements, it is wise to keep an eye on when they are due so you can avoid trading during periods when there could be unexpected market volatility.
If you have an open trading position that could be effected by news, being aware of the upcoming announcement would allow you to adjust your position, i.e. tighten your stop loss or change it to a trailing stop loss etc etc
If you have an open trading position that could be effected by news, being aware of the upcoming announcement would allow you to adjust your position, i.e. tighten your stop loss or change it to a trailing stop loss etc etc
Absolutely, staying informed about Forex news is a crucial part of my trading routine. I regularly follow economic calendars and major news releases to anticipate market movements and adjust my trading strategies accordingly. I use in-built economic calendar from my Hotforex MT5 platform to save time and being ready to quickly respond to some unexpected news outcome. Keeping abreast of global economic events helps me make more informed decisions in the dynamic Forex market.
VasilTodorov
Well-known member
i do that and i think you must follow it to have a general sight of market
Traders are confused about indicator preference because they find variety of indicators on the trading platform. RSI, stokistics, moving average and Bollinger bands fibonacchi are some well-known indicators that can help you catch the market trend. It shows traders with different trading angles and points. FXOpulence offers more than 400 technical tools and multiple types of trading accounts.
Yes, I closely follow forex news as it plays a crucial role in shaping market sentiment and driving price movements. Key economic indicators, central bank announcements, geopolitical events, and other macroeconomic factors can significantly impact currency prices. Staying informed about relevant news helps me make more informed trading decisions and better anticipate potential market movements.
Fin_Trader
Well-known member
I always follow the news in the economic calendar. News publications can cause strong volatility in the market, so it is important to know the time of their release in order to either close trades or not open trades until it calms down.
