Actual online analytics for a productive game on Forex
All more or less experienced and successful traders are well aware of how important accounting for each information grain of sand for high -quality forex analytics. These grains of sand are the current movement of assets of assets on the exchange, rumors and forecasts, world economic and political news. As for the latter, there are many disputes among players and brokers on Forex online forums.
The fact is that some players on the exchange, both beginners and “old -timers”, consider taking into account events, illuminated in news messages, an unnecessary waste of time. There are even several objective reasons for that. The easiest argument is the doubt that the published news is valid and is presented impartially. After all, it is no secret that some news or individual data is specially “thrown away”, they are fraught with certain people (organizations).
Confidence in the source and the reliability of information is another half of the case. No one guarantees that you will explain it correctly. The likelihood that you will be right-1: you still do not know for sure how exactly the market will react, no matter how actively you use Forex analytics. And if the alleged market reaction is one of two, then the chances of success you have the same.
And the last. Even if you undertake to analyze the entire flow of Forex information, you may simply not have enough time for what really needs from you, namely, thinking and making transactions, the development of a working trading methodology and strategy, management of finance, etc. Thus, the ratio of time spent and the result is left to be desired and leads to the conclusion that many traders, especially beginners, will not more adviser to overload the brain with excess data. In addition, it must be borne in mind that there have always been, there are and will be insiders, t. e. People who have confidential information. It is possible that sometimes they themselves are the performers of the price movement, due to the draining or buying of assets.
Nevertheless, forex analytics really relies on news. It’s completely unreasonable and immature to abandon them. The easiest way is to look, as in everything, the middle ground. The main thing is that you will not be blindly and naive to be at rumors and persuasion, so that then someone else will come true on your savings. Now you are warned, which means that you are armed for subsequent victories on the currency exchange.