In this era where information can be an extremely powerful and strategic asset, whether to individuals or corporations, and information equals money, especially for a trader, shutting yourself faraway from news could be suicidal. Forex is incredibly sensitive to the flow of news that is related to it, and major short-term currency moves are almost always preceded by changes in fundamental views influenced by the news Lambert Philipp Heinrich Kindt. Traders around the world earn a living by processing and translating information into money. Financial news services providers understand how important news would be to the forex market players, and charge a premium for it. แทงบอลสเต็ป is not uncommon to get a huge selection of headlines of news which are potentially relevant to Forex currency trading from any news company on an average trading day.
Traders, especially those that day trade the forex market, require the most recent up-to-the-second news updates so as to facilitate their trading decisions that have to be made at lightning speed. They mostly take advantage of online financial newswire services such as Dow Jones Newswires, Bloomberg and Reuters, which display the most recent financial news on their computer monitors. Since the speed of news dissemination is very important to traders, many opt for these online instant news services rather than depending on daily newspapers just like the Wall Street Journal or the Financial Times which carry stale news that’s of little use to traders.
Exactly why news is so important to Forex trading is that all new piece of information can potentially alter the trader?s perceptions of the existing and/or future situation associated with the outlook of certain currency pairs. When people?s opinions or beliefs are changed, they have a tendency to act on these changed perceptions through buying or selling actions in the forex market. Based on the news, these traders will undoubtedly be getting ready to cover their existing positions or even to initiate new positions. A trader?s action is based on the expectation that you will see a follow-through in prices when other traders see and interpret the same news similarly that he / she has, and adopt the same directional bias as the trader consequently.
News is a very important catalyst of short-term price movements because of the expected impact it has on other market players, which is in ways an anticipatory reaction on the part of the trader as he or she assumes that other traders will be affected by the news headlines as well.
If the news happens to be bullish, say for the US dollar, traders who react the fastest will be among the first to buy the us dollar, followed soon by other traders who may react slower to the news headlines or are looking forward to certain technical criteria to be met before jumping onto the bandwagon. And you will see those who interact the buying frenzy at a later stage when they get hold of the delayed news in the morning newspapers or from their brokers. This progressive entry folks dollar bulls over a period of time is what sustains the upward move of the united states dollar against another currency, with the USD exchange rate going higher against other currencies. The reverse is true for bearish news, traders will sell since they know that others will soon be selling, thus pushing the USD exchange rate down. That is in line with the assumption that since other traders will be getting the same bits of news, they will be also are usually affected the same way.
Publicly released news is disseminated to the many newswires. Any trader with access to these wires can utilize the information given out, and react accordingly in the forex market. However, institutional players do get information that retail traders don?t, because they get privy access to order book information in their computer systems, and may also know something that others don?t through their personal contacts in the market.
In the world of Forex trading, there are no rules or restrictions against insider trading! Anyone who possesses information that’s known and then a select few can and do trade that information in forex. Sometimes, such news may give an unfair advantage to these institutional players, but at other times, this isolated news access may not translate into real market action if other players don’t have that information.
Your voice is probably the most powerful tools you possess and using the media is a good way to get your voice heard. Probably the most profitable and frequently overlooked free publicity generator may be the news release. A news release is a brief written summary alerting the local media about your organization news and activities. News releases are not only great marketing tools but additionally a lot more credible and believable than advertising since they appear to come from an objective alternative party.g