Currency Exchange
Understanding Forex News Trading For Bigger Profits
Different traders have various techniques they use in order to make their trading decisions. One such technique is Forex news trading. This strategy uses the information that comes from government agency as a basis for their trading pairs and decisions. Once an anticipated announcement is made by a government agency, typically prices will immediately begin to fluctuate.
There is a particular way this system works. For instance, the U. S. Unemployment rate is announced on the first Friday of every month. There is usually a lot of anticipation surrounding this announcement. If the unemployment rate decreases, this shows signs of a recovering economy, which will places confidence in the U. S. Dollar. Once this announcement is made a trader waiting on it will act quickly as soon as the news is out.
Why You Should Get Some Forex Trading Education
Forex trading education is something that is often overlooked when trading in the Forex marketplace nowadays. With so many automated systems to do all of the hard work for you, traders have become somewhat lazy! Indeed, there was a time not so long ago when you would have to learn all of the tricks of the trade in order to make a profit in Forex.
For many people Forex trading education may seem unnecessary. But in all honesty, it pays to know as much as you can about the market in which you are trading. If you were trying to fix a car, for example, you would need certain knowledge in order to be able to do it effectively. In reality the same goes for any trading, even Forex trading.
Major Economic Announcements for Week of March 14 2010
All Times GMT Time Zone
03/13
23:00 CAD/USD Daylight Saving Time Shift
03/15
13:00 USD TIC Long-Term Purchases
03/16
00:30 AUD Monetary Policy Meeting Minutes
12:30 USD Building Permits
18:15 USD FOMC Statement
18:15 USD Federal Funds Rate
03/17
00:00 JPY BoJ Press Conference
09:30 GBP Claimant Count Change
09:30 GBP Average Earnings Index
12:30 USD PPI
14:30 USD Crude Oil Inventories
03/18
09:30 GBP Public Sector Net Borrowing
12:30 USD Core CPI
12:30 USD Unemployment Claims
14:00 USD Philadelphia Fed Man. Index
03/19
11:00 CAD Core CPI
12:30 CAD Core Retail Sales
Funny Forex Currency Exchange Trading Video
For all the Forex Currency Exchange day traders out there, here is a funny Forex Trading Video. A parody of a Carrie Underwood video.
Trading News Releases
Its an indisputable fact that forex trading while using up-to-date financial news can increase your odds of executing winning trades. These can be anything from global events to economic statements to financials for many of the fortune 500 companies. It may sound time consuming, but it will result in highly profitable trades if you determine what influences global currency rates and when. Even something as small as a regime change on the other side of the planet may modify the market price of the Dollar.
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