A trader who is highly experienced and skilled will trade the Daily Forex Market himself. He can only use automatic assistance while he is resting, but for the most part his business job may be to fly in the seat of his pants & # 39;
All these individual traders will have different strategies. Some will trade using charts only, some may trade with prices only, and others will trade using the Daily News as an indicator of their playing direction.
A final example of how the Daily News could impact the Daily Forex Market occurred on 9/11. On this unfortunate morning, most Americans began to see the value of the dollar begin to dwindle with shock and awe-inspiring horror. On the far end, currency traders saw the news, noting the decline. They also saw the horror of many of them automatically trading dollars against other currencies and making a lot of money. They immediately bought UK pounds or Japanese yen. The dollar went down at an all-time low, and as the dollar started to recover in a few days, they were buying a much larger dollar than the merchants they sold. In round figures, a businessman who initially sold half a million dollars probably ended up with a million dollars in buying dollars back.
Similarly bad economic news can have the effect of pushing the currency against others, and destiny can be made (and lost) at that time.
This is the scene even if bad political news or news of a disaster. Natural disasters such as earthquakes, tsunamis or severe floods can cause currency fluctuations.
In fact, nowadays rarely a day goes by without breaking the news that coin boats can rock.
Don't be fooled enough for beginners in forex trading to start trading daily forex on the basis of news stories only. My advice to you is what it's worth – buy an automated system like the one I use, learn the ropes from your support team, do paper trading or demo trading for a few weeks, and finally start small trades. Do not use leverage unless you are very skilled.