How important is it to stay updated with global financial news for Forex trading success?

[Mdraghib]

According to me Keeping up with global financial news is important for forex trading. Things like interest rate changes, economic updates, and political events can shake up currency prices. Staying informed helps you make better decisions, catch market trends early, and manage risks wisely.

 

[Zerologic]

Agreed, it is very important to follow mainly high-impact news updates such as inflation, and interest rates, I think analysts and investors consider such news as a reason to buy or sell assets.

 

[hayseed]

According to me Keeping up with global financial news is important for forex trading. Things like interest rate changes, economic updates, and political events can shake up currency prices. Staying informed helps you make better decisions, catch market trends early, and manage risks wisely.

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wise words..... i always try to be flat before any market moving news.....

my problem has always been making sense of what is good and what is bad...... and then trying to pick a trade direction in advance.....

sometimes with interest rates being increased the markets will fall, other times the markets might rally...... same can be said for falling interest rates......

sometimes with non farm payroll rising the markets will fall, other times the markets might rally...... same can be said for falling non farm numbers ......

likewise for unemployment numbers, cpi, ppi, and all those other things that seem to give me grief......
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usually i'll wait till the dust settles and let the market show me which direction i should be looking......

otherwise, it will be a red day for me even if i knew the numbers the night before.......h

 

[gstavrinou]

According to me Keeping up with global financial news is important for forex trading. Things like interest rate changes, economic updates, and political events can shake up currency prices. Staying informed helps you make better decisions, catch market trends early, and manage risks wisely.

Agreed, bookmark some websites to follow up to the minute changes and updates, ForexFactory, Investing, Yahoo finance, some brokers also help keep up to date

 

[Zerologic]

Agreed, bookmark some websites to follow up to the minute changes and updates, ForexFactory, Investing, Yahoo finance, some brokers also help keep up to date

I like to see the FF economic calendar to follow updated news, they provide real-time data released.

 

[Gito Dinev]

Staying updated on global financial news is crucial for forex trading. It helps you anticipate market shifts, make informed decisions, and effectively manage risks to maximize potential profits.

 

[Zerologic]

Today, there is one high impact news that might be the focus of traders and investors: ADP Non-Farm Employment Change forecast 118k, previous 77k. Stay tune on update.