July 26th, 2010
Posted in Author: Xtreme Pip Poacher
Any trader who plans to earn money from forex reports must consider the effect of previous expectancies on the market. This implies making allowances for any movement which has already occurred in expectation of the announcement. Let’s take an example. Imagine the US GDP is preparing to be declared. Then perhaps, when the GDP is really voiced, it turns out not to have risen quite as much as folks predicted. So in that case, the dollar might actually fall. The news was still rather good, but it did not reach the market’s expectancies.
The alternative to trading with the aim of earning from stories press releases is, of course, to stay clear of the market any time that a major announcement is due. You want considerable experience as a currency trading to earn income from the price fluctuations around foreign exchange trading news.
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