In this era where information can be an extremely powerful and strategic asset, whether to individuals or corporations, and information equals money, specifically for a trader, shutting yourself off from news could be suicidal. Forex is extremely sensitive to the flow of news that’s related to it, and major short-term currency moves are nearly always preceded by changes in fundamental views influenced by the news headlines Lambert Philipp Heinrich Kindt. Traders all over the world make a living by processing and translating information into money. Financial news services providers understand how important news is to forex players, and charge reduced for it. It isn’t uncommon to get a huge selection of headlines of news that are potentially relevant to Forex trading from any news company on an average trading day.
แทงบอล77 , especially those that day trade forex, require the latest up-to-the-second news updates in order to facilitate their trading decisions which have to be produced at lightning speed. They mostly utilize online financial newswire services such as Dow Jones Newswires, Bloomberg and Reuters, which display the latest financial news on their computer monitors. Since the speed of news dissemination is vital to traders, many choose these online instant news services rather than based on daily newspapers just like the Wall Street Journal or the Financial Times which carry stale news that’s of little use to traders.
Exactly why news is so important to Forex trading is that all new piece of information could alter the trader?s perceptions of the current and/or future situation associated with the outlook of certain currency pairs. When people?s opinions or beliefs are changed, they tend to act on these changed perceptions through selling or buying actions in the forex market. Using the news, these traders will undoubtedly 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 exactly the same news similarly that he / she has, and adopt the same directional bias as the trader subsequently.
News is a very important catalyst of short-term price movements due to the expected impact it is wearing other market players, and this is in ways an anticipatory reaction on the part of the trader as he or she assumes that other traders will be affected by the news headlines as well.
If the news is actually bullish, say for the US dollar, traders who react the fastest will be among the first to get the us 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 if they obtain the delayed news each morning newspapers or from their brokers. This progressive entry of us dollar bulls over a period of time is what sustains the upward move of the US dollar against another currency, with the USD exchange rate going higher against other currencies. The reverse is true for bearish news, traders will sell because they know that others will be selling, thus pushing the USD exchange rate down. This is using the assumption that since other traders will be getting the same pieces of news, they’ll be also tend to be affected the same way.
Publicly released news is disseminated to the various newswires. Any trader 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 access to order book information within their computer systems, and may also know a thing that others don?t through their personal contacts in the market.
In the wonderful 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 the forex market. 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 one of the most powerful tools you own and using the media is a fantastic way to get your voice heard. Probably the most profitable and frequently overlooked free publicity generator is the news release. A news release is really a brief written summary alerting the local media about your organization news and activities. News releases are not only great marketing tools but additionally far more credible and believable than advertising since they appear to come from an objective third party.