If the news is bad the sellers will start to sell and produce red candles on your charts.
A successful forex trader will keep informed on each pairs economic news and various reports that can effect the pairs trading range. All these factors need to be taking into consideration to make money in the forex markets. You need to understand how the currency pairs react to news. This will help you preserve your trading capitol and make you profitable. It is well know that the fx markets trade 24 hours a day. You need to stick with a few pairs and get to understand how they move and trend with different news releases. You should check to see what time of day has the most volume since the markets are 24 hours.
How To Trade Forex Using Support and Resistance LevelsA successful forex trader will keep informed on each pairs economic news and various reports that can effect the pairs trading range. All these factors need to be taking into consideration to make money in the forex markets. You need to understand how the currency pairs react to news. This will help you preserve your trading capitol and make you profitable. It is well know that the fx markets trade 24 hours a day. You need to stick with a few pairs and get to understand how they move and trend with different news releases. You should check to see what time of day has the most volume since the markets are 24 hours.
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