While the 'technical analysis is vital for currency trading, particularly for the identification of points of entry and exit points is not sufficient by itself to create a global trading. Sentiment in the FX market is in fact driven primarily by economic and geopolitical news of the day. The key players in the currency market, such as multinational corporations, central banks, multi-billion dollar hedge funds and major investment banks, are key in this area. Does not matter if there is a double peak in the exchange rate EUR / JPY.

But if you study a technique Forex analyzing the latest news on the economic and geopolitical world, we certainly something useful. Correct approach to trading can be summarized as follows: analysis

For those traders who wish to negotiate on a shorter period, such as time on the charts, it always says that they should concentrate solely on technical analysis. Sentence was never more wrong. We know that scalping is to open and close positions in a very short time, how can we apply this technique to the fundamental news that we hear every day?

One of the biggest issues in the currency market is that it is transparent, that is impossible to manipulate. This applies to all market participants and at the same time. News keys that guide the Forex market are concerned governmental and economic data, such as the latest employment statistics, the rates of GDP growth, trade relations, inflation, interest rate announcements and much more .

The release of these data is also planned well in advance, as well as reported instantaneously through a variety of financial sources on the Internet, such as sites of Reuters. Economic data move markets and currency traders can profit from this.