There are a lot financial data, or better known as Forex Trading News, that impacts forex consistently. These data in many cases are scheduled ahead of time, and they can affect the broader market like the commodity market, the fixed income market, and the equity market.
Assuming you have dealt with Forex for a little bit, you should seea phenomenon that around 8:30am New York time, at least once or two times a week, market will go nuts You will notice foreign currencies jumping up and down whipsawing until the U.S. equity market starts, which is when the market trend resumes. This is the response of the legendary 8:30am US news release time, when news from the CPI to Non Farm Payrolls are planned on a regular basis.
The same thing is true at 4:30am NY time, and occasionally at 9:30pm NY Time, simply because those will be the times that Great Britain and Sydney release their high impact economical news releases, respectively. As a matter of simple fact, with respect to the calendar month, sometimes you may get approximately 200 high impact news releases booked for the month, not counting the medium or low impact news releases. Consequently, being a Forex trader, these Forex Trading News releases ought to be part of your trading approach.
And so as to take advantage of these Forex Trading News releases, you must know the fact that market has usually priced in most of market sentiment and expectations, so in essence the market is at balanced state just prior to the release. Therefore, when the release comes out with a shocking number, then the market will try to adjust on its own for that, that is why we generally see plenty of volatilities during these release times.
The main element to profit during Forex Trading News release situations is to remain versatile. Do not get in a virtual stand off with the market since the market is frequently correct, even if it is not. Because you will soon find out that even if you are correct, you will not have enough funds to stay in the game, especially when the market goes against you.
To conclude, it is rather important to Currency Trading investors to pay attention to financial news releases that impact the foreign currency market. Since these news could not only set off short- term volatility, but they could modify the entire pattern of the general market over time. If you are interested in learning more to do with these news releases and how they can affect the market, please be sure to visit us at www dot henry liu forex dot com to find out more and free online videos programs on how to take advantage of those Forex Trading News releases.