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Today I will explain how to read news during day trade
Market influenced by different factors major factor is economic news
then politics news financial news
News can change the market situation in the moment if the news is positive
price will go high and
and if the news is negative price will go down
so which news trade should follow
First of all, we have to care economic news
the reports statistics
prediction and previous value
influence on the market
So now I will show you how to read the news and how we can care
before star trade
Guys this is website investing.com. So
Go here tools, then we can look at
economics calendar
So from here you can change your time zone from here, this is my time zone
GMT+3
So
Here you can see news
This is JPY here and
there are three bulls but here one bull is
Highlighted and you can see this is no volatility expected
so if
the news is like this then no need to worry about it for we can carry out our
trade but if there are two bulls it's mean there may be volatility
But yes, you can see hair down
this is EUR and there are three bulls so it's mean at the time of
5:00 p.m
there will be high volatility as if there are three bulls and if you are trading EUR USD, so
You should take more care
Sometimes news
affecting the market for 30 minutes, but it may be from 30 minutes to 3 days
so we have to care about the
News during the trade
So guys if you see there are three bulls so
Best if you see in three bulls
And you are trading at two eur/usd
Or any other EUR and the news time is 5 p.m
So it's good for you to stop your trade at 4:30 p.m
Up to 5:30 p.m. and at at 5:30 time
You can check the market if the market is
is stable, then you can start your trade again
So if there is again, there is at 5:30. There is also a high volatility news
So no need to start at 5:30 so you can read
For 30 minutes. So yes
You can also
See the daily news here
Before starting your trade because if you will not read the news sometimes
There will be high volatility in the market and you will lose your money
So
You can see here
this is the example of high volatility the price went high may be there is market new
This price went up and then again came to bear so as
This is economics news effect
So other thing is financial news
so if any company they will announce their growth figures and if the their
revenue figures good
so as I mean their
share value will be high and if their
revenue figures will down the news for their revenue will be negative. Their share price will go down
so the third factor is
political news
for example if there is elections, impeachments or
or death of political leader. So in this case
Sometimes there is high
Volatility in the market. So if you want
to be a good and professional trader so you have to care the news
during the trade
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You can check also the
market new from
market analysis
From here you can see this is date
cannery and you can see here is
you can click at the news and
this you can see the volatility may be medium and
Here you can see this is medium volatility
GBP JPY, so your JPY you can see here the their rates
So here is one high volatility news so you can see
Currently there is no
Figures for the statistics two previous rate was three
so if previous rate was three and now this rate is forecast two
it's mean that this news will be negative and rate will be down and
This is high volatility news which may effect market
here we see ad aud/usd and
So these are the famous pairs. So maybe these pairs will effect at 3:30 a.m
So you can check also if you are trading
Like
6:00 p.m. So you can see here is one news
So this news is some good so it's mean that
These pairs will be effect, AUD/USD GBP/USD
USD/JPY
NZD/USD, so
This is positive news, so it's means that at the time of 6:30
Market will go up. So
the
Volatility may be there, you have to care at the time of 6:30
so yes, this is the way how to read the market new
Economics news effecting on markets
So please when you are going to start your day trade
you have to care the news you have to read the news carefully and
especially when you have to plan the trade at that time you should
Note that news
And you have to set notification so you can avoid from the risk
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