In this era where information is definitely an extremely powerful and strategic asset, whether to individuals or corporations, and information equals money, specifically for a trader, shutting yourself off from news can be suicidal. Forex is extremely sensitive to the flow of news that is related to it, and major short-term currency moves are nearly always preceded by changes in fundamental views influenced by the news Lambert Philipp Heinrich Kindt. Traders around the globe earn a living by processing and translating information into money. Financial news services providers know how important news is to the forex market players, and charge a premium for it. It isn’t uncommon to get a huge selection of headlines of news that are potentially relevant to Forex currency trading from any news service provider on the average trading day.
ufabet เว็บตรง , especially those that day trade forex, require the latest up-to-the-second news updates so as to facilitate their trading decisions which have to be produced at lightning speed. They mostly make full use of online financial newswire services such as Dow Jones Newswires, Bloomberg and Reuters, which display the latest financial news on the computer monitors. Because the speed of news dissemination is vital to traders, many choose these online instant news services instead of based on daily newspapers like the Wall Street Journal or the Financial Times which carry stale news that is of little use to traders.
Exactly why news is so important to Forex trading is that each new piece of information can potentially alter the trader?s perceptions of the existing and/or future situation relating to the outlook of certain currency pairs. When people?s opinions or beliefs are changed, they have a tendency to act on these changed perceptions through selling or buying actions in the forex market. Based on the news, these traders will be preparing to cover their existing positions or even to initiate new positions. A trader?s action is based on the expectation that you will see a follow-through in prices when other traders see and interpret the same news similarly that he / she has, and adopt exactly the same directional bias because the trader because of this.
News is an extremely important catalyst of short-term price movements due to the expected impact it has on other market players, which is in ways an anticipatory reaction on the part of the trader as he or she assumes that other traders will undoubtedly be affected by the news as well.
If the news happens to be bullish, say for the US dollar, traders who react the fastest will undoubtedly be among the first to buy the united states dollar, followed soon by other traders who may react slower to the news headlines or are waiting for certain technical criteria to be met before jumping onto the bandwagon. And there will be those who join in the buying frenzy at a later stage when they get hold of the delayed news each morning newspapers or from their brokers. This progressive entry folks dollar bulls over a period is what sustains the upward move of the united states dollar against another currency, with the USD exchange rate going higher against other currencies. The reverse holds true for bearish news, traders will sell since they know that others will be selling, thus pushing the USD exchange rate down. That is in line with the assumption that since other traders will be getting the same bits of news, they will be also are generally affected the same way.
Publicly released news is disseminated to the many newswires. แทงบอลเว็บไหนดี with usage of these wires can utilize the information provided, and react accordingly in the forex market. However, institutional players do get information that retail traders don?t, because they get privy usage of order book information within their computer systems, and could also know a thing that others don?t through their personal contacts in the industry.
In the world of Forex trading, there are no rules or restrictions against insider trading! Anyone who possesses information that’s known and then a select few can and do trade that information in forex. Sometimes, such news may give an unfair advantage to these institutional players, but at other times, this isolated news access may not result in real market action if other players don’t have that information.
Your voice is probably the most powerful tools you possess and using the media is a great way to get your voice heard. Probably the most profitable and frequently overlooked free publicity generator may be the news release. A news release is a brief written summary alerting the neighborhood media about your organization news and activities. News releases aren’t only great marketing tools but also far more credible and believable than advertising given that they appear to come from an objective third party.