Hi experts out there, Im quite new to forex trading and i need your expertise on how to trade using financial news. As you know there are plenty of websites which provide us with live financial news like bloomberg, forexfactory and myfxbook which is useful to our trades. May i know what are the type of financial news which is recommended to trade on. Currently i only trade using unemployment rate, retail sales and comsumer price index. Is there other news which is good to trade on? We need to compare actual result VS previous or forecast? Please advise, thank you.
It's a double guess. First you have to guess the result, then the markets reaction to the news. It comes with wide spreads and whips. I've got a few safeguards in my code, but mostly that's around wide spreads in general.
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