Many Forex news, job reports, speeches are published every day. These affect the market. So many people trade by targeting these news. But should we trade all the news? Not all news has the same effect. Let's see what kind of news comes.
Everyone mainly follows Forex Factory and Myfxbook for forex news. Because they publish the best news and publish first. You will see one of the above 4 signs next to each news there. So, as soon as you see the sign, you can understand the effect of that news and you can trade accordingly. High Impact News implies that it can have a huge impact on the market. The impact of medium impact news is relatively small. The impact of low impact news is minimal. The white sign indicates that the news is not economic news, such as Bank Holiday. Since Red High Impact and Orange Medium Impact news have a big impact on the market, you can trade them or find out what kind of impact they can have on the market.
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