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The importance of economic news in forex trading (Fundamental)

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Nendi71

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A country's currency is an icon that represents the country, and the health or absence of the country's economy is reflected in the value of its currency. Economic indicators are measures that show the health of an economic system. It is important for traders to keep abreast of developments in global economic events that are very influential on the forex market, while paying attention to the release schedule of several indicators that are considered important by market participants. There are many sites as references that provide a timetable for the release of real-time fundamental data with details of currency and time of release, complete with analyst predictions (forecast or consensus) and previous release data as a reference.

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#1 - February 03, 2019, 09:55:30 PM

Rudi

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understanding economic news for me is very important, because economic news is the main indicator of fundamental techniques,
understanding economic news is tantamount to understanding fundamental techniques so for me this is very important
#2 - February 05, 2019, 02:17:56 PM

Tahajud

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Quote from: Rudi on February 05, 2019, 02:17:56 PM
understanding economic news for me is very important, because economic news is the main indicator of fundamental techniques,
understanding economic news is tantamount to understanding fundamental techniques so for me this is very important
I don't think at all. It is not important to know and study news more deeply, because when prices move based on technical analysis of the actors, and fundamentals only explain why prices move where it is too late to know because indeed prices have moved first. the important thing from the news, in my opinion, is only to review the release schedule because we can make it a reference to be alert



#3 - February 06, 2019, 01:25:01 AM

Black_Koujee

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Quote from: Nendi71 on February 03, 2019, 09:55:30 PM
A country's currency is an icon that represents the country, and the health or absence of the country's economy is reflected in the value of its currency. Economic indicators are measures that show the health of an economic system. It is important for traders to keep abreast of developments in global economic events that are very influential on the forex market, while paying attention to the release schedule of several indicators that are considered important by market participants. There are many sites as references that provide a timetable for the release of real-time fundamental data with details of currency and time of release, complete with analyst predictions (forecast or consensus) and previous release data as a reference.
what I want to ask is how much influence these economic indicators have on the movement of a pair? Because some say that news is only a catalyst for technical analysis
#4 - February 07, 2019, 01:54:52 AM

ariezz

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Quote from: Nendi71 on February 03, 2019, 09:55:30 PM
A country's currency is an icon that represents the country, and the health or absence of the country's economy is reflected in the value of its currency. Economic indicators are measures that show the health of an economic system. It is important for traders to keep abreast of developments in global economic events that are very influential on the forex market, while paying attention to the release schedule of several indicators that are considered important by market participants. There are many sites as references that provide a timetable for the release of real-time fundamental data with details of currency and time of release, complete with analyst predictions (forecast or consensus) and previous release data as a reference.
Knowing and being able to take advantage of the information provided by a release of economic news is very good, especially for fundamentalists because always updating economic news both micro and macro is mandatory for traders.

Indeed, now there are many sites providing economic news or economic calendar for the benefit of traders' analysis and online TV which can be used to find fundamental information about a country.
#5 - February 07, 2019, 07:56:28 AM

Kirinkato

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Quote from: Nendi71 on February 03, 2019, 09:55:30 PM
A country's currency is an icon that represents the country, and the health or absence of the country's economy is reflected in the value of its currency. Economic indicators are measures that show the health of an economic system. It is important for traders to keep abreast of developments in global economic events that are very influential on the forex market, while paying attention to the release schedule of several indicators that are considered important by market participants. There are many sites as references that provide a timetable for the release of real-time fundamental data with details of currency and time of release, complete with analyst predictions (forecast or consensus) and previous release data as a reference.
I am a trader who does not use news as an indicator or trading guide. I still can't understand how to see prices move after news and news like what we should pay attention to.
#6 - February 08, 2019, 03:20:52 AM

Dwiki Fatoni

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Quote from: Nendi71 on February 03, 2019, 09:55:30 PM
A country's currency is an icon that represents the country, and the health or absence of the country's economy is reflected in the value of its currency. Economic indicators are measures that show the health of an economic system. It is important for traders to keep abreast of developments in global economic events that are very influential on the forex market, while paying attention to the release schedule of several indicators that are considered important by market participants. There are many sites as references that provide a timetable for the release of real-time fundamental data with details of currency and time of release, complete with analyst predictions (forecast or consensus) and previous release data as a reference.
I think so.. therefore, I always pay attention to news about the economy from various countries before buying and selling 
#7 - February 08, 2019, 07:12:54 AM

zhamal andreal

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Quote from: Nendi71 on February 03, 2019, 09:55:30 PM
A country's currency is an icon that represents the country, and the health or absence of the country's economy is reflected in the value of its currency. Economic indicators are measures that show the health of an economic system. It is important for traders to keep abreast of developments in global economic events that are very influential on the forex market, while paying attention to the release schedule of several indicators that are considered important by market participants. There are many sites as references that provide a timetable for the release of real-time fundamental data with details of currency and time of release, complete with analyst predictions (forecast or consensus) and previous release data as a reference.
very true of what you have said before, because the weakening of a currency depends on the growth of an economy in that country, therefore a trader must be able to know technical fundamentals to predict an economy in that country, if it succeeds in mastering new fundamentals it may make money
#8 - February 08, 2019, 03:29:44 PM

aizafx

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Usually I am take data news on economic calendar on forexfactory, these news economic calendar always up to date on time, most news that many trader considered before trading is like as FOMC, NFP interest rate, and all news that included high impact news, especially NFP, this news can make currency move very rapidly after news has  been released
#9 - February 09, 2019, 07:32:48 AM

rinshei

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fundamental really play their game these past few weeks i guess, i see so many high impact news that play their role for making candle go up and down really fast, this brexit thing really do it well though, so for the future just aware about some fundamental
#10 - February 09, 2019, 09:24:58 AM

Trader Hijrah

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News will be very important for those who are trading using fundamental analysis, because they are trading by utilizing market reactions to news
#11 - July 01, 2021, 02:27:38 AM

ERSYA

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Trading using fundamental analysis must indeed understand reading the news that will be released properly and correctly, so that our trading can later produce maximum profit
#12 - July 02, 2021, 02:35:36 PM

ERSYA

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reading the news that will be released and looking for its correlation with future price movements are things that must be understood by the type of trader who uses fundamental analysis
#13 - July 09, 2021, 11:36:57 AM

oman

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economic news is important but not always the main one, because I think not all traders understand about economic news, unless they are stock players and the like, for traders just enough technical analysis
#14 - July 09, 2021, 12:19:47 PM

Nanbass

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the use of economic news is indeed important for the world of forex trading but don't let us pay attention to the wrong news because it will cause us to lose our own money so it's better we have to be careful because it can make what we get will be lost
#15 - August 28, 2021, 07:43:40 AM
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