You now know that there are three outcomes of news items—no change, or a big up or down move. There are two ways to trade the news in foreign exchange: predicting or following.
What Makes Forex News Actionable?
Why News is Actionable
News becomes actionable because it can be used to spot good trades. With each economic report, there is usually an expected outcome for the market.
Spotting News in Forex
Some forex traders look to trade the news in the foreign exchange markets. In staying on top of key events and happenings, a forex trader can make money from fundamental factors that affect the currency markets.
What is Fundamental Analysis
What is Fundamental Analysis
Fundamental analysis hinges on the concept that all currency pairs find their price based on the underlying strength or weakness of a particular currency. The strength or weakness, the fundamental analyst might argue, is determined by the economics of currency pairs.
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