Do you think news is useful in forex trading?

Hello guys,

When you trade or open positions, do you take news into consideration?
Does it have a big impact on forex market?

news is what forex is. news related to usd is more important when you are trading major pairs. I always trade high impact news

Angelnish,

News is the major basis of Forex! Forex rates= Foreign exchange rates depends upon the difference of interest rates of two currencies which are dependent on the economy of a particular nation. News is what that covers the changes /happenings about a nation and its likely impact on the currencies! so yes, Fundamental News plays a very BIG role while trading forex! The trick is to have an eye on the major news and have good knowledge of technical skills. this will help you make good decisions :thumb:

I always look at news for clues, I see news as the wind, that tells me where to set sail next, it really depends how you look at it but its helpfull and essential in forex....

News Decide the overall flow of the market.
Technicals decide,when to take a dive along with the flow.

Euro crisis Scenerio Developing.
Euro Broke out inApril End,Dived 700 pips plus,surely that was dues to overall news,but cud u just take a short anywhere?
You had to wait for pull backs.

Hope this helps.

of course it has

Thank you for your guide friends......will surely follow it.