I explained in previous articles the factors that affect on US Dollar , Euro , Sterling Pound , Japanese Yen , Swiss Franc and Canadian Dollar Values , you can read them
Today I'll explain how to use the news in Forex Trading
Best site to get Economic news specialized in Forex is Investing.com
Investing.com
? How To Use Investing.com in News Analysis
First Step : Go to Investing.com then click on "News" above then click on Economic Calendar
Second Step : Edit the time to make it as your country time to be easy to use
Third step : Economic Calendar Details
Choose Today to get the news of today
The "Imp" column show you the importance of the new, if It has 1 star that mean it has low importance , if it has 2 stars that mean it has moderate volatility , if it has 3 stars that mean it has high importance , and usually the news have 3 and 2 stars affect on prices movement in Forex trading
Actual : is the actual price now for currency
Forecast : is the expected price for currency
Previous : is the Previous price for currency
May You ask yourself now how to use all of that in the actual trading
Simply : If you Saw the number (percent or normal number or anything)in the "forecast" column bigger than the number in "Previous" column that mean you should open buy deal and buy the currency , and if the number in the "forecast" column lower than the number in "Previous" column you should open sell deal and sell the currency
The suitable time to open the deal in the trading : before the news ten minutes,and It's preferable to determine 50 pips for take profit
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