2) The next argument that Fundamental analysts use is that you can more accurately predict a market’s price movement by analyze impendingforex newsevents. Well, anyone who has traded for any length of time knows that markets often and usually react opposite to what an impending news event imp...
Most people know that Forex is the most traded, most liquid and most open market in the world. The foreign exchange market is tradeable twenty-four hours a day, five days a week. High availability is one of the most attractive features of trading in Forex. An abundance of opportunities ex...
This will help to eliminate the “whipsaw” effect that is common in the lower time frames. Pin Bar Some of the best pin bars form on the back of a major news event. In fact, one of the most popular setup is the NFP pin bar. This is because Non-Farm Payrolls (NFPs) are ...
the headline nfp figure is worthless. it's the difference between two estimates that are both revised, not once but twice. the margin of error for the figure is often so large as to completely negate any gains or losses of jobs the nfp may show. the key to reading the n...
However what traders will do is place a trade in anticipation of an upcoming news release. Traders see news releases as a way of making a lot of money very quickly, you’ve probably seen how big a distance the market moves when things like the NFP or FOMC news comes out. Traders try ...