Forex market news is news about business, economic situations and policy actions that will have a potentially strong impact on one or more of the major currencies traded on the Forex market. Market news can be a very useful tool for any trader, but it has proven to be more valuable to seasonal traders. The reason is simple, experienced traders have a much better understanding of specific news issues and how each of them will affect the foreign exchange market, as well as the respective currency pairs they trade. Newer marketers have a much harder time interpreting news feeds simply because many new marketers have trouble understanding the impact specific news will have on trends and market conditions.
Instead of market news, there is a solution that is, in principle, much more effective in assisting more inexperienced traders executing profitable trades, an automated signaling service.
Automated trading alerts
Automated signaling services, also known as Forex trading systems, can provide a solution for traders who are not yet ready to successfully interpret news feeds and advanced graphics. Most signaling services provide trading alerts via email, SMS, text message, pop-upsoftware, or other more advanced methods that a trader can use to increase his or her chances of success. The purpose of the signaling service is to show you exactly when to open a transaction so that you enter the trade at the point of reversal. Once introduced, the trend will rise and at the highest point of the trend another signal will be sent telling you to stop trading. This increases the chance of maximizing profits. Some of the best Forex signaling services start at $ 149- $ 300, but there are a few that have promotions, including trial offers for saving money.
Whether you are trading with market news, automatic alerts or your own personal trading strategy, remember that the potential to make money in Forex is endless, never give up and although losing trades will always be a factor, winning trades can lead to to more return on an investment in Forex than any other type of investment available.