How to Trade on News

One source of information that traders trust in developing their trading strategies is the release of economic news. Especially in the current era of globalization, news can be accessed more easily and broadcast live. News related to the currency market itself does not only respond to economic dynamics in the United States, but also in other countries around the world. Its power to move the market then causes economic data to become one of the important things for a trader to pay attention to. Therefore, news trading emerged as a technique that is widely used by forex traders today.

Economic news releases vary in the extent to which the news affects the market. The most important economic news releases for any country are interest rate decisions from the central bank, retail sales, inflation figures, unemployment rates and industrial production. The market's initial reaction to a news release typically lasts 30 minutes to two hours, but the broader impact can last for days.

News trading itself is done by comparing the difference between the actual results of economic news with the predicted value of the news. In general, if the difference between the two values ​​is large enough, then the price movement will be more drastic than if the difference is small or in accordance with predictions. This method is based on the idea that news can move the market. In other words, positive news will lead to an increase in quotes, and vice versa.

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