Hello professional traders, we call you a professional trader even if you started yesterday in mastering the Forex matter as we know your tomorrow is bright as long as you are near with this blog, today We want to make you to be a professional trader on dealing with news (fundamental release)
Traders they ask themselves what is the meaning of fundamental (news release in forex)? today you are going to have the derived meaning and how to use them to get money.
Fundamental (news) are those events that are released and they can affect the particular currency on a certain country, these effect may be negative or positive basing on the released data on the particular event, and these event are release in the reference of the past data here below is an example
In forex among the strongest news is Non form payroll (NFP), These data are released on every first week of the month on friday , the data affect the economic of US (United state of America) and the currency affected is USD ,The data release shows on how there is increase or decrease of employment rate in US , they compare between two month example today 02/12/2022 we have the NFP release data these data shows the employment rate on November with referance to these data of October , if the employment rate of OCTOBER is lower than that of NOVEMBER we can see during the release of the news on that time we can see USD being stronger than expected and vice versa, during the release of that data the market may have highly volatility rate and spread here is maximized than normal ,here is where people make money and some loose their money because they don't know how to trade these data ( if you read this article you are going to know how to trade the data and you are going to be untouchable)
Look on the data below
These data shows that the previous data of October was 261.0k, and the expectation of today is to drop up to 200.0k when the data occur as it is predicted this means that there was the increase of employment rate in US this wili make USD to be strong in the market and if will be higher than 200.0k but less than 261.0k this means that the data are out of that predicted before the USD pairs will move UP and DOWN during the event (news) release
And if the data released will be greater than 261.0k this means that there is increase of number of non employed people in US this may cause the USD currency to be weak and here you can see XXXUSD buying and USDXXX selling
There are different news that are strong and we have to take care on it when we are trading and these news if you understand them and you come closer with them you will make money non stop ,among of these news are; PPI,CPI,RBNZD, NFP and GDP
1,CNN business
2,CNBC
3,BROOBERG
4,YAHOO finance
5,Business inside Africa
On these sites you will get analytical data from different analyst on the different Currencies of different countries depending on which event is going to occur that day , For example today is the day in which the analyst are releasing their views on the data of employment rate in US basing on different research done by researchers , here you will hear the refference of previous data and that of expected one that may be released today ,
these analyst simplifies these data by giving you what is going on on numerical data basing on the employment rate and how these data may affect the economic of US whether it will be positive or negative,
But what I can tell you today is that you should understand how you can trade these fundamental event by the use of technical analysis and these corrected data should be among of the confluence when you are dealing with these news
Now people are asking themselves how technical are done while these are fundamental event? listen to me ladies and gentlemen in part two am going to give you each and every thing on how you can deal with these event technically
MEET ME ON PART TWO............
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