I wonder if people who are doing a LIVING OFF FOREX (at least 5K per month) check NEWS all day and base a lot of their decissions on NEWS?..
Sometimes I hear people trade exclusivelly watching the graphics and they hardly check any news to start a trade.. Is that really possible?
I'm not really talking about "trading by news".. Just wondering if you take NEWS into consideration and what kind of analysis you apply to news, because sometimes a number doesn't say anything.. For example the same number of UNEMPLOYMENT, can sometimes take the currency UP and other times DOWN.. So, its quite a lottery.
Sometimes I hear people trade exclusivelly watching the graphics and they hardly check any news to start a trade.. Is that really possible?
I'm not really talking about "trading by news".. Just wondering if you take NEWS into consideration and what kind of analysis you apply to news, because sometimes a number doesn't say anything.. For example the same number of UNEMPLOYMENT, can sometimes take the currency UP and other times DOWN.. So, its quite a lottery.
The Black Swan: The Impact of the Highly Improbable