All news about forex

This is the largest financial market in the world, transacting more than $5.5 trillion on an average every single day. Someone somewhere is always trading in this trading on Forex. Dealing with and between currencies is what makes this one of the most profitable ventures for you. However, there are more than a few things which you need consider before investing straight into the market. Forecasting price action and investing accordingly is the only way to ensure profits. Moreover, staying updated with all Forex news goes a long way in helping you out.

Variables and Market Volatility:

Consider this; you are about to make an investment into Forex. You used past market from date ‘An’ and current market data on time ‘B’ to make an investment. Taking this investment as a long one, i.e. with an extended deadline, you expect to realize the profits on date ‘C.' So far, your graphical and technical analysis is sound enough and your well on the way of making a handsome profit.

As mentioned before, and as has happened before, external happenstances play a huge part in price action relating to that particular currency pair. All Forex news reports inform and update professionals on these external factors.

Coming back to the illustration per se, an event occurred between A and B, hugely affecting the market causing a sheer drop in price. This will naturally turn your investment into a negative one. The fact is, you did have an outside chance to be updated with it. If you knew all news about Forex investment which you just made, then you could’ve accounted for it and act accordingly, such as, adding a Stop Loss.

This is just an example, but this is something which can happen. Everything that goes on around this market, which can affect it – these are the external factors which you need to be aware of before making investments. The volatility of this market can be gauged accurately enough to minimize losses.

Risks are part and parcel of Forex trading:

However, this is not to say that you can avoid losses. Going back to the same example again, if a negative factor works in between the time-frames B and C, you or any professionals has nothing to do about it. All Forex news will help only when there is something which can be done about an investment and not more.

As mentioned before, there are more than a few things which need to be taken into consideration before making an investment in this highly volatile market. With surveys suggesting that more than 99.6% traders are unable to make four consecutive profitable trades – you can rest assure that you will not be able to do it either.

All Forex News and Updates are important:

A vital pointer to learn – Forex trading is not always about maximizing profits. As a matter of fact, Forex trading is about minimizing losses for better-sustained profits. Moreover, keeping all Forex news and updates in mind before going from A and B to C is what makes professionals productive and trading in this market profitable.

All news about forex

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.

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