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UTIP: News is an important part of trading, and experienced traders should consider it when making decisions.
News-driven Experiment
To be successful in news trading, it is important to stay up-to-date on recent events and their effects on the market. It is also important to compare previous forecasts, predict future price movements, and place pending orders to buy or sell.
This approach helps to reduce the risks involved and allows for trading with more confidence. Utilizing the UTIP Mobile “My Trading” app can help traders practice and hone their skills by giving them the opportunity to experiment with a variety of economic events.
News Calendar For Forex Market
Not all news affects the stock market in the same way. Some news can be subject to speculation, while other news only starts to move the market after something extraordinary happens. That’s when the Mobile Web Terminal by UTIP Technologies Ltd.
Economic Calendar is useful for Forex traders, as it contains the most important news that can affect the market.
Filtered Event
To find an event relevant to a certain currency, there is a filter available on the calendar. This filter lets you choose the country, type of news, and the importance of the event. It is important to use the filter to look for news from the country that issues the currency, as this could cause changes in the currency’s price.
The UTIP calendar is a great tool for traders to find upcoming news events that may affect the price of an asset. After a news event is found, the trader can analyze the potential for the price to move. Each news event in the calendar has three pieces of information: the actual value, the forecast, and the previous value.
Most of the news is of a periodic nature, so traders can track any changes over a period of time with the help of the ‘History’ tab. If the news has not been released yet, then the ‘Forecast’ and ‘Previous value’ can be used to assess the likely outcome.
Prominent Financial Magazines and Analytical Centers
It provides predictions about the markets based on information from reliable sources. Each news item includes a link to the source, so you can check if the data is accurate. Although these forecasts can’t be completely accurate, they can still give you an idea of what the market could be expecting.
Read more: Cboe FX Trading Volume $1.1T | Institutional | Brokers Times
