Before we even look at strategies for trading news events, we have to look at which news events are even worth trading. Remember that we are trading the news because of its ability to increase volatility in the short term, so naturally, we would like to only trade news that has the best forex market moving potential. While the markets react to most economic news from various countries, the biggest movers and most watched news come from the U.S.
Hi Jens, I use the following sources to check daily news & analyses: FxStreet, AtoZForex, Investing, or DailyFX. Hope this is helpful!
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Among of your list, I use only DailyFX news site! On the other hand, I use Economic Calendar of ForexFactory, thus I do fundamental analysis in my trading.
{quote} Among of your list, I use only DailyFX news site! On the other hand, I use Economic Calendar of ForexFactory, thus I do fundamental analysis in my trading.
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Hello Majeeda! May I know how you use Economic Calendar of FF! Do you use only data based info? Or details news? I see, FF publish details news few minutes later, how you handle this issue during high voltage news?
{quote} Hello Majeeda! May I know how you use Economic Calendar of FF! Do you use only data based info? Or details news? I see, FF publish details news few minutes later, how you handle this issue during high voltage news?
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To be honest, only data based trading is not enough, I go for details news and try to know the actual meaning of every fundamental event.
{quote} To be honest, only data based trading is not enough, I go for details news and try to know the actual meaning of every fundamental event.
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I was also missing a platform where we can talk about news events and how to trade it,i guess we don't have,there are many scattered threads on this topic though,i started one as well,so majeeda if u interested in this,lets get connected,thanks
I think every broker provides this information on their websites. So you can find it from broker's website. Even Forex Factory is also having news section for upcoming event and there is always discussion thread about it.
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I see, brokers are providing limited service on the financial news! I think, Daily Fx, Fx street and ForexFactory would be better!
{quote} Yes, FF is very popular for news trading! From my 1st of live trading I am with this educational site!
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I don't know whether I'd call Forex Factory educational, unless one refers what they can learn on the forums, but it's definitely a very informational site.
{quote} I don't know whether I'd call Forex Factory educational, unless one refers what they can learn on the forums, but it's definitely a very informational site.
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Frankly I have learned a lot (especially news trading) from FF community.
The Calendar at Forex Factory is pretty good. All you need know as a retail trader is when there's high impact news on a particular currency. You don't even need know the details of the news content after it's released because markets' response to a news event is beyond the comprehension of a retail trader. Just watch the chart for market's response to it.
