1. The first thing to consider is that the message itself is not very important in foreign exchange message trading. What matters is the trader's analysis. Remember, traders may draw different inferences from the same news.
Since the analysis of foreign exchange news is not objective, the safest way is to have a general view of the news and then draw your own inference.
Through foreign exchange news trading like an expert, simply review the news and evaluate how it makes the currency price fluctuate. Beware of potential trend changes, which usually occur when good news does not push up prices or bad news does not make prices fall.
2. In addition, trade foreign exchange news like an expert and only pay attention to influential news announcements. Don't waste time analyzing trivial foreign exchange-related events. Influential news announcements include:
3. Market-driven: Not all events have the ability to drive market changes. Note that sometimes foreign exchange is emotionally driven. Therefore, less news reports may not be enough to change the market trend.
4. Predictable reflection: On the basis of historical reflection, influential press conferences will push special currency pairs to fluctuate by a certain number of points. Therefore, when trading foreign exchange news, it is very important to choose the appropriate news release for trading.
5. Events that affect key currencies such as the US dollar, the euro and the pound are also regarded as high-impact news. This is because the state and fluctuation of these currencies directly and indirectly affect the value of most currencies in the foreign exchange market.
According to foreign exchange news, trading currency is a very good strategy. It is important to note that relevant foreign exchange news is often released late. Often high-impact news has been analyzed by several professional traders and financial institutions after being known by ordinary traders, which increases personal weakness and prejudice against the system.