In the previous article, we already talked about the types of fundamental analysis and classification of economic news. It's time to delve deeper into the topic. Today we will look at 5 types of economic indicators and find out how they affect the foreign exchange market and why. Let's get started.
News trading attracts millions of traders because some major events can move the market 100 pips at a time or more. This is a unique opportunity to earn hundreds of dollars on one trade. However, if you want to learn how to trade news on a professional level, you should start by understanding what economic indicators are, how and to what extent they affect the foreign exchange market. Let's dive in together.
Welcome back to our gold trading marathon. We have already talked about the precious metal itself - we learned what affects its price and discussed its main trend. Time to learn more about the trading instrument itself and about the main trading features.
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