The Importance of News for Forex

Anyone who has a cursory interest in Forex will know that they must depend on any and all news to understand what is happening in the market. This is something that is important and necessary, more than breathing for anyone. The only reason every trader has to invest in a certain currency is because they know what is happening in the country. That would only be a crazy person who would spend their money only on rumors!

It is wise for novice traders to remember that it is not only financial news from new market possibilities that must be learned. Everything is interrelated, so social and political news, apart from editorial opinion must also be absorbed. It is a well-known fact that what is known on the international scene is a very runny version of what happens at home, sometimes even completely wrong. The only way to measure whether a … Read the rest >>>