Lesson 1 – Understanding and trading the news
The news in the forex is mostly related to economic events and announcements. Aside from central bankers, there are very few “personalities” that can move the market very much.
Unlike the stock market, where each company represents its own micro-economy, currency prices reflect economy as a whole. Because forex news comes mostly from government and association sources, it can seem a little boring, and all the acronyms and dates are tough to keep straight.
Utilizing the news correctly can help with those issues and help you turn it into a productive tool you can use in your trading.