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Any one here can explain for me how use NEWS
I am a new trader, I have learnt about the market but I didnot start with the technical analyse, I thought that it is better to learn about news first.I learned about news and economic calendar, I get a lot of info but I am so confused about how I can implement them. I know that I should not join when the news are realising, I should wait until the direction begin. Also I learnt so many thing about like when how pairs affect each others, how can the market respond in another way. Although I have learnt these I don't know how to implement them and practice (Should I start learning the technical analyse then practice by going throw charts or it will be better if I go to 6 month before and see how the market respond for the economic calendar to get an idea), does it necessary to see the news or the economic calendar will work well? Also if we should see the news how many time I should check them weekly, daily basis (I saw some new that realise for the whole next week but some where for the overall economy).
You're learning the right stuff, but it’s normal to feel confused at first. News is important, but it makes more sense when you also look at charts. Start learning basic technical analysis now. It helps you see how price reacts after news. You don’t need to follow all the news daily; just check the economic calendar once a day or weekly. A great way to learn is by looking at how the market reacted to past news. Stay curious, take it one step at a time, and don’t rush the process - it all starts to come together with consistent practice.
It's not like that you should not join when the news are releasing. I have seen many scalpers making their great move during the news/ events. But that's a pro case, I guess. If you're learning, it's ideal to start with the small trades like intrday or swing trades. However, try other basic indicators like the most common Moving average. Start mastering on this indicator. It's really very helpful for profitable gains.
