The Most Trading forex news courses tom Trends in the U. Our network of expert financial advisors field questions from our community.
Sophisticated content for financial advisors around investment strategies, industry trends, and advisor education. A celebration of the 100 most influential advisors and their contributions to critical conversations on finance. The latest markets news, real time quotes, financials and more. Economic data tends to be one of the most important catalysts for short-term movements in any market, but this is particularly true in the currency market, which responds not only to U. With at least eight major currencies available for trading at most currency brokers and more than 17 derivatives of them, there is always some piece of economic data slated for release that traders can use to inform the positions they take. Generally, no fewer than seven pieces of data are released daily from the eight major currencies or countries that are most closely followed.
So for those who choose to trade news, there are plenty of opportunities. Which Currencies Should Be Your Focus? As you can see from these lists, the currencies that we can easily trade span the globe. This means that you can handpick the currencies and economic releases to which you pay particular attention.
But, as a general rule, since the U. Trading news is harder than it may sound. These are also the times at which you should be paying extra attention to the markets if you plan on trading news releases. When trading news, you first have to know which releases are actually expected that week. Second, it is key for you to know which data is important. Depending on the current state of the economy, the relative importance of these releases may change.
For example, unemployment may be more important this month than trade or interest rate decisions. Therefore, it is important to keep on top of what the market is focusing on at the moment. How Long Does the Effect Last? According to a study by Martin D. The study found that the effect on returns generally occurs in the first or second day, but the impact does seem to linger until the fourth day. How Do I Actually Trade News? The most common way to trade news is to look for a period of consolidation ahead of a big number and to just trade the breakout on the back of the number.