Market trends and Forex news play important role in Forex.

[David Marco]

Forex is not a scam rather some traders do scam in trading. Scammers never come in treading to survive for long. Their intent is to earn a large volume of profit within a very short time. Always stay away from scamming and a scamming broker.

 

[Eduardo Lucchese]

You have to find which one is the most profitable indicator. To me, RSI and moving average seem to be good indicators.

 

[Bahiya Shinam]

Every time a trader needs to fight with himself to better his performance. Performance evaluation helps a trader understand his lacking and work on it.

 

[SaadBinToha]

Use proper money management policy to increase your earning rate. Traders who hardly follow any risk management strategy are less likely to earn profit from the market.

 

[Gito Dinev]

Traders have to pass much time with the market to get rid of this fear.

 

[Oscar Shumack]

You have to understand market trends well to capture the movement. A better forecast can give you better result in the end of the day. So, focus on right trend judgment.

 

[Aaron_0]

Absolutely, staying updated with market trends and forex news is crucial for informed trading decisions. Timely information helps you anticipate market movements and adjust your strategies accordingly, enhancing safety and profitability in forex trading.

 

[Ethan]

Indeed, scalpers benefit from trading news and trends for quick profits, while long-term traders find news-induced volatility challenging. Long-term traders must stay calm and wait for trends to stabilize after news releases. Understanding these dynamics is key for effectively trading news and managing different trading strategies.

 

[Ethan]

Some news allow scalper to make good profit. Some news also make the price rise to like 80 pips above so they're very powerful sometimes. When you see such rise, it could be news action in effect. I think scalper wait to trade news. Its their thing and not for long term trader though. The news spike way too much movement and its scary for long term trader. It could wipe out your account as well so you should know when to enter as a long term trader to avoid news action spike.

News events can create significant price spikes, often benefiting scalpers who capitalize on quick movements. However, these fluctuations can be risky for long-term traders, potentially leading to substantial losses. It's crucial for long-term traders to be aware of upcoming news and time their entries to avoid the volatility caused by such events.