Forex Trading Guide to Following Economic News

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• Publié par: fx-solutions
• Nombre de lectures: 17
• Langue: English

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Forex Trading Guide to Following Economic

News

PR Newswire

SADDLE RIVER, New Jersey, June 20, 2012

SADDLE RIVER, New Jersey

,

June 20, 2012

/PRNewswire/ --

Our Forex Trading Guide aims to help you understand the importance of

staying up-to-date with the latest financial news when trading with FX Solutions.

Forex Trading Guide: Following Economic News

Forex trading provider FX Solutions offers access to an Economic Calendar

which enables traders to keep on top of the latest developments in the financial

markets through clearly shown times, dates and locations of key events that

have the potential to affect the future price movements of the global financial

markets.

Below, we answer common questions regarding the use of Economic News in

trading foreign exchange.

"Why should I follow Economic News when trading?"

You should follow Economic News when trading forex because it may offer you

a clearer insight into the developments affecting the likely demand for certain

currencies and therefore, future price movements of your chosen currency

pairs.

For example, if you are trading the EUR/USD currency pair within the foreign

exchange market, you may want to know about the fundamentals of the

Eurozone economy such as GDP or jobless rates, as this could affect the likely

strength or weakness of the Euro.

"How can this affect me when trading forex?"

How this can potentially influence you when trading forex is by offering you

insight into how your market may move.

Using the example above, i.e. EUR/USD, if you believe negative data is likely to

come out of

Europe

- you may choose to go short and sell the Euro because

you believe that it may depreciate against the US dollar as a result.

However, if you anticipate that positive news is coming out of

Europe

, you may

decide to go long and buy because you expect it to appreciate against the US

dollar. However, please note that positive or negative news does not

necessarily mean that currencies will move as expected-moves may be

contrary to expectations due to a variety of factors.

Forex Trading Guide: Summary

To summarize, it is imperative that prior to trading forex, you fully research and

analyse all factors that could potentially affect your profit and loss.

The aim of following financial news is to manage your forex trading by

understanding what is going on in the market.

Find out more through the FX Solutions website: http://www.fxsolutions.com

Forex trading involves a substantial risk of loss and is not suitable for all

investors.

About FX Solutions:

FX Solutions, LLC is a leading foreign exchange broker with a focus on

advanced trading technologies, transparency of transaction and unparalleled

customer service. FX Solutions serves retail clients institutional trading partners

and introducing brokers in over 100 countries.

For more information, please visit http://www.fxsolutions.com/