In this era where information can be an extremely powerful and strategic asset, whether to individuals or corporations, and information equals money, specifically for a trader, shutting yourself faraway from news can be suicidal. Forex is extremely sensitive to the flow of news that is related to it, and major short-term currency moves are nearly always preceded by changes in fundamental views influenced by the news Lambert Philipp Heinrich Kindt. Traders all over the world earn a living by processing and translating information into money. Financial news services providers understand how important news would be to forex players, and charge reduced for it. It 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 forex, require the latest 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 latest financial news on the computer monitors. Since the speed of news dissemination is very important to traders, many choose these online instant news services rather than depending on daily newspapers like the Wall Street Journal or the Financial Times which carry stale news that is of little use to traders.
The main reason why news is so important to Forex trading is that every new piece of information could 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 tend to act on these changed perceptions through selling or buying actions in forex. Based on the news, these traders will undoubtedly be getting ready to cover their existing positions or to initiate new positions. A trader?s action is founded on the expectation that there will be a follow-through in prices when other traders see and interpret exactly the same news in a similar way that he / she has, and adopt the same directional bias as the trader as a result.
News is an extremely important catalyst of short-term price movements due to 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 as well.
If the news happens to be bullish, say for the united states dollar, traders who react the fastest will undoubtedly be among the first to buy the united states dollar, followed soon by other traders who may react slower to the news or are waiting for certain technical criteria to be met before jumping onto the bandwagon. And there will be those who join in the buying frenzy at a later stage when they get hold of the delayed news each morning newspapers or from their brokers. This progressive entry folks dollar bulls over a period is what sustains the upward move of the US dollar against another currency, with the USD exchange rate going higher against other currencies. The reverse is true for bearish news, traders will sell because they know that others will soon be selling, thus pushing the USD exchange rate down. This is in line with the assumption that since other traders will undoubtedly be getting the same bits of news, they will be also are usually affected exactly the same way.
Publicly released แทงบอลเว็บไหนดี is disseminated to the various newswires. Any trader with access to these wires can utilize the information given out, and react accordingly in the forex market. However, ufabet เว็บตรง do get information that retail traders don?t, because they get privy usage of order book information in their computer systems, and could also know something that others don?t through their personal contacts in the industry.
In the wonderful world of Forex trading, you can find no rules or restrictions against insider trading! Anyone who possesses information that is known and then a select few can and do trade that information in forex. Sometimes, such news can provide an unfair advantage to these institutional players, but at other times, this isolated news access might not translate into real market action if other players don’t have that information.
Your voice is probably the most powerful tools you own and utilizing the media is an excellent way to get your voice heard. Probably the most profitable and frequently overlooked free publicity generator is 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 also a lot more credible and believable than advertising since they appear to come from an objective alternative party.