News trading strategy is among the most intriguing in all financial markets, from crypto to Forex. Often, traders with small banks suppose that they can use the news to get profit, but they forget that big players receive news much earlier, and the price of an asset is already taken into account on the chart when the information is first published. That's why you must be selective in the information and understand how to trade news in Forex.
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The Forex market grows every year with buyers and sellers from the whole world. Unexpected news reports often have a massive impact on financial markets, and FX trading is no exception. Experienced traders know the value of Forex indicators, but many try to avoid trading activity during these periods. However, this is also an excellent opportunity to earn. Below, we will discuss macroeconomic events that can move the foreign exchange market.
The meaning of XAUUSD is the abbreviation for the gold and USD currency pair, and this is one of the most popular pairs on Forex. However, for beginners who just discovered XAU/USD in Forex, it would be better to gain some experience first and only after that try various gold trading strategies.
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