Answers
Do you recommend this strategy in the Asia-Pacific forex markets -- Singapore, HK, Japan, Australia & NZ?
No, I don't trade news stories, nor do I trade with a leverage of more than 1:50
The reason is simple: Broker spreads increase dramatically when a news report comes out. So the chances of manipulation & 'price spikes' are much higher.
Besides, the market itself goes into a volatile whipsaw at news time. Your stops can be taken out, trends takes a U-turn, and more often than not, you'll end up with unwanted losses.
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This is one of myforex trading signals videos where I share my forex trading system by forecasting which forex news events are co This is one of ...
could you describe it in details that how can I trade Forex by using news only?e.g When shall I read news and when shall I execute a trade based on that?
invest in something safer
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Thanks
I've opened an account on GFT, but when trading the news there is a huge slippage between the stop buy price I wanted & the execution price. GFT has a dealing desk.
So, what are the best forex brokers for trading the news ?
Thank you !
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What news would raise the price of any currency in exchange of other currencies?
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Gulf forex reserves to rise
Dubai: Gulf countries are expected to increase their international reserves substantially in 2010 as oil prices edge up, the International Monetary Fund (IMF) said in its regional economic outlook on Sunday.
Oil exporters in the Middle East and North Africa region are expected to increase their international reserve positions by over $100 billion (Dh367 billion) in 2010 as oil prices rebound, the IMF report said.
Turmoil
"The huge reserves built up by the Gulf oil exporters helped them to weather the impact of global financial turmoil better. The rebuilding of their international reserve positions as a result of the rising oil prices would help governments in the region maintain public spending, which will help them to mitigate the impact of global financial turmoil on their economies," said Masoud Ahmad, Director of the Middle East and Central Asia Department of IMF.
The oil exporting Gulf economies are projected to grow 5.2 per cent in 2010 against a projected real growth of 0.7 per cent in their combined gross domestic product in 2009. While the oil-based GDP is expected to grow 5.5 per cent, the non-oil GDP is 4.4 per cent as inflation is projected at 3.8 per cent in 2010. The forecast for next year is based on an average oil price of $76.50 a barrel in 2010, the IMF said yesterday.
German Wholesale Price Index | Forex News and Commentary by FXDD
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News
WORLD FOREX: Sterling Slumps On UK Fiscal Health ConcernsWall Street Journal - Mar 08, 2010
Times Online there remains much uncertainty about how power would be shared after the general election," said Jane Foley, a research director at Forex.com in London. FOREX-Euro up vs dlr, but gains capped by Greek PM commentsForex-Metal , Forex-MetalDollar Rises After Forex Traders Flock to Safer Assets - -all 1,540 news articles »
MarketWatch - Mar 09, 2010
Telegraph.co.ukChina forex chief: Don't politicize Treasury buysLOS ANGELES () -- The head of China's foreign-exchange policy arm said the nation's purchases of US sovereign debt should be separate from China sees 'good' yields from forex managementIs A New Era Dawning For China's Currency PolicyChina central bank chief: Yuan policy to change, but not yetall 551 news articles »
International Business Times Australia - Mar 08, 2010
Forex HoundBy Ozforex.com.au :: Australian Dollar: The Aussie dollar began the week on a positive note rising in Asia amidst optimism of a global economic recovery and Daily GVI Forex ViewForex: EUR/GBP emulates risk-markets, drip-feeding continuesDaily Forex Report - USD mixed as stocks weaken - -all 55 news articles »
MarketWatch - Mar 08, 2010
Ghana Business NewsTOKYO () -- The dollar rose to a two-week-high against the yen Monday in Asia, as higher regional shares bolstered Daily Forex Overviewall 56 news articles »
Forexrazor - Mar 09, 2010
High-Risk Warning Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work and more »