I hope that from my last article you were able to analyze your trading performance for the last six months and even apply a couple of my tips. If you haven’t seen it yet, then I suggest you read it first to understand why we all started this.
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.
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