Operations related to foreign exchange assets cannot be carried out without knowledge of the operation of the exchange mechanisms, skills and abilities in the field of analytics and forecasting, as well as without appropriate software.
It is necessary
We remind you that speculative operations on the stock exchange, as well as investments in currencies, stocks, futures, precious metals are investments with a high degree of risk. Don't risk finances that you cannot afford to lose
Instructions
Step 1
Regardless of the area of investment, whether it is stock manipulation or Forex trading, a specialist should have sources of relevant and undistorted information at hand. The translators of this data, as a rule, are thematic applications, forums and resources on the Internet.
Step 2
Orientation in the news background
News that can affect trends and quotes are divided into two types - planned, those that are marked in the economic calendar, and unplanned - this is a kind of force majeure, the occurrence of which is impossible or difficult to predict.
Step 3
The planned news events, which are recommended to follow, include the release of the monthly report from the field of macroeconomics, meetings of financial regulators, including Central Banks and the Federal Reserve. Irregular but planned news includes summits, speeches by politicians, bankers, financiers. Force majeure news is most often associated with the publication of urgent reports, bankruptcies, disasters, military attacks and coups.
Step 4
Both types of news can affect the movement of rates, profits and losses of traders. In order to timely react to events or make preventive adjustments, a market participant must have access to relevant news.
Step 5
Expert support for analysts
Analytical articles, analysis of events that have already happened, published statistics, reports, as well as forecasting the impact of an event in the foreseeable future provide no less help in navigating the stock exchange.
Step 6
In analytical materials, technical analysis of the situation can be used in parallel, which, along with the fundamental approach, allows you to predict what the market trends will be.
Step 7
Analytical articles and expert materials can also be found on the pages of thematic applications or websites for traders. However, it is worth making an allowance for the subjectivity of the opinions expressed and the possible interest of the authors in a particular point of view.
