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January 03, 2020
Are you looking for the most reliable Forex broker for news trading? If you are familiar with trading currency on news releases, it would be a good choice to find a broker that could support you in this area. Fortunately, there is always a good broker for your needs.
We cannot deny that news releases have always been a crucial factor to move the price of currency exchange. Any Forex traders are even suggested to observe important economic and political releases since these two have a huge influence on the market.
This is true, especially if you are a short-term investor or trader. Particular economic and political data are likely to move short-term movements in the market. We can say that the US economic releases are one of the most impactful factors in the Forex market.
Searching for a consolidation time in the char has been the most widespread way to trade in the currency market by using news releases. Of course, there are some other strategies to apply too. Now, let’s read on to find the finest Forex broker for news trading.
Before revealing the best Forex broker that allows you to trade on news releases, it would be better to learn about this strategy first. You need to note that trading news is not as easy as it may seem, so be prepared.
You will not only consider an important reported consensus figure, but also the unpublished as well as unauthorized forecasts. Furthermore, some news releases are just more significant compared to others. The importance level could have something to do with which country is releasing the news.
If you plan to trade with this strategy, it is a good idea to watch out particular periods of the day. For example, for USD, you should pay attention to the news releases between 8.30 and 10 am EST. A good Forex broker for news trading may share the releases.
Meanwhile, for JPY, traders need to keep an eye on news released from 6.50 to 11.30 pm EST. For EUR, you need to watch out news releases from Italy, France, and Germany. Then, what are the most essential releases to be watched out for a successful strategy?
Releases on retail sales, unemployment, trade balance, and inflation rate are among the key information to trade based on news. Furthermore, you need to watch out releases on interest rate decisions, industrial production, business sentiment surveys, manufacturing sector surveys, and consumer confidence surveys.
Now, which broker could be relied on when it comes to news trading? Salma Markets Forex broker could be a nice choice if you love to trade on news. Even though it is not directly stated, Salma Markets would make a good broker for your news trading.
As an excellent Forex broker for news trading, Salma Markets offers various information to support traders. This broker constantly updates market news and offers live streaming for traders to watch recent news related to the Forex market. Forex calendar is also obtainable on the website to keep you up-to-date.
Moreover, Salma Markets will support your news trading by offering a fast and easy process of executing any Forex transactions in the market. With the MetaTrader 4 trading platform, you could apply your news trading strategy even more confidently. A demo account is also available for your convenience.
In conclusion, trading currency based on news releases could be a good strategy. You could create a Forex account with a reliable broker like Salma Markets to make it comfortable to trade on news releases. Finally, you don’t need to wonder which good Forex broker for news trading anymore.
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