The big futures traders and brokers are also using this information. Energy Information Administration (EIA) releases data each week on crude oil and natural gas inventories. The big traders and banks,brokers use this to make their money studying the fundamentals of the market and place their trades accordingly. You should have a calender set up in your trading plan that gives you the dates of the news releases.If you trade the forex market then the non-farm payrolls, unemployment rate are important to watch and the bureau of labor statistics. These all can help you plan your trading strategy and take less risk in the markets.
Stock and Futures Market Trading Help
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
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