Latest forex market news is important to the traders because the traders act on the news to make big profit but before acting on the news the traders must be skilled in trading the news. Is it the correct way for a trader to open big positions after listening something in news? Most of the traders trade this way but they may lose their money. So acting on every news story and throwing your money in the market can be a lumpish act that the beginners must avoid.
What makes a forex trading news story important?
The news of the forex market in itself is not that much important but it is the reaction of the traders that makes it important. A news story that receives high reaction from the market becomes important but on the other hand the news story that does not receive high reaction from the market becomes less important. The high reaction means too many traders buying or selling the currency pairs as advised in the news.
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