Happy New Year and welcome back to life after the holidays! In an effort to start 2021 nice and easy, we thought we could cover one of the simplest ways that investors can determine future trading opportunities.
Fundamental trading news plays a key role when trading the markets.
The aim of trading on fundamental news is to give a thorough (and most times eye-opening) analysis to forex traders by researching the news and economic statistics. Not to be confused with trading the news based on rumors, fundamentalists pay attention to economic changes like interest rates, employment rates and inflation.
Myfxbook.com is a great resource that gives traders a calendar of fundamental trading news that can affect market trading. Myfxbook.com gives traders historical data of how certain announcements have affected the market and gives priority levels on how much affect these announcements may have on the market.