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Some news events are more volatile and cause more price volatility than others. By monitoring certain website such as daily forex, myfxbook, forex live, forex factory you can easily avoid price volatility which caused by the news event.
If you are short term trader you should stay away from trading during key news events. You have to be mentally strong. Otherwise you will end up opening lot of unnecessary trades which will cause you a great loss.
There are lot of site which provide economic calendar. From there trader can know financial events and important news release. So, monitoring economic calendar is the best way to avoid news volatility.
Don't watch market during big economic events like NFP, FOMC and Interest Rate. You have to be iron willed. If you can not control your mind you will not be able to make regular profit. You should have the ability to understand by watching charts when the market is settle after news.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.
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