Yes will become important if trader also reading news update which this sometime influenece on currency, political event in the world which might discuss about news condition sometime used big trader to take advantage from these issue, which it will giving big impact if huge trader with big capital take action based on these issue.It is really important for us to know what are the events that are going to have an effect on our trades. Because only then we would be able to take their advantage in our trades easily
How important is to be aware of the world’s political events?
- Thread starter Rambo35
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In my opinion, news such as economic indexes, investment projects, center bank meetings and especially political events usually have certain effects on the market, sometimes they even created a huge volatility like what happened in China at the beginning of this year when its government reported its Caixin PMI index and the PBOC lowered its exchange rate. Therefore, I always follow economic event calender on credit website like [URL deleted] alpari to have the best vision of what is going on.
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Most of the times the news that is Big and can have effect on the currencies is usually classified as a High Impact news and we have to track the effect it will have on the other unrelated currency pairs as well. The cascading effect of the stock market crash in the China is felt in some of the currencies especially the JPY pairs
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Staying up to date on world political events is important because a wise trader would incorporate them into the decision-making process before trading. Another benefit from keeping up to date with the latest world political events is that it allows brokers to keep abreast of what his customer/client base expects and then act accordingly.
Very important. World politics play a big role in price movement in the forex market. An example of this is the US presidential elections. The dollar and the Mexican peso have been doing well of late owing to the increasing prospects of Hilary Clinton winning the elections.
worlds political events directly influences the world economy and hence a trader always need to be aware and up to date of whats going on in world's politics.
It’s very much important because; anytime market can changes its direction based on this kind of events. So we should be aware on all kind of major political movements.
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