Keep abreast of current events that may impact currency markets from "summary" of Profiting With Forex by John Jagerson,S. Wade Hansen
Staying informed about current events that have the potential to influence currency markets is a crucial aspect of successful trading. By keeping abreast of news and developments, traders can make more informed decisions about when to buy or sell currencies. This strategy involves closely monitoring various sources of information, such as financial news outlets, economic reports, and geopolitical events. For example, if there is political instability in a country that is a major exporter of a particular currency, it could lead to a decrease in the value of that currency. Similarly, if there is positive economic data released about a country, such as strong GDP growth or low u...
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