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Friday, February 8, 2008

Trading Forex on top of the News

There is a little dissimilar strategy that a currency trader can develop: news trading, day trading, swing trading, carry trading and scalping. Several forex traders spotlight on one particular trading strategy known as News Trading. The basic thought behind trading the news is to profit off the unpredictability created by economic news announcements. One of the advantages of trading currencies is that the forex market is open 24 hours a day since 5pm EST on Sunday until 4pm EST Friday. Interest rates are the common driver for the markets direction but; Economic data is apt to be one of the most significant catalysts for short term actions in any market. This is mainly true in the currency markets, which respond not only to U.S. economic news, but also to news as of around the world.

Source :tradingmarkets.com

Forex Trading, Currency Trading: Trade with leading forex broker. Analysis, Education, Charts

Online Forex Trading with STIFX - trading broker

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Friday, February 8, 2008

Trading Forex on top of the News

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