News trading attracts millions of traders because some major events can move the market 100 pips at a time or more. This is a unique opportunity to earn hundreds of dollars on one trade. However, if you want to learn how to trade news on a professional level, you should start by understanding what economic indicators are, how and to what extent they affect the foreign exchange market. Let's dive in together.
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News is a strong source of information that traders must use. Trading the news may be an excellent way to diversify your trading strategy and earn extra money if you correctly interpret them.
There are a lot of domains to choose from, but can you trust all of the Forex news sites? Learn the best sites to understand how to trade the news in Forex!
Back to our gold rush! Today we will continue to talk about the XAUUSD pair and finally find out what strategy you can use in trading.
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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