Hello,
I want to know your ideas regarding news effect on short term forex trading.
(Of course this question does not apply to fundamental traders)
Which one of below groups you belong to?
Group 1: News is history! any news is consumed by price before it is announced, so checking all news during trading has no effect on profitability.
Group2: You need to be aware of the latest news of the market. What is happening in the market? Are traders risk averse or no? What are economic indicators of the economies you are trading?
I want to know your ideas regarding news effect on short term forex trading.
(Of course this question does not apply to fundamental traders)
Which one of below groups you belong to?
Group 1: News is history! any news is consumed by price before it is announced, so checking all news during trading has no effect on profitability.
Group2: You need to be aware of the latest news of the market. What is happening in the market? Are traders risk averse or no? What are economic indicators of the economies you are trading?