M.amin
New Member
The macro news is news related to countries and economies. Since this news reports events at a macro level, it is called macro news. Such news has a huge effect on the Forex market. Currencies move up and down when the government releases data about the macroeconomic indices like inflation and unemployment.
As a Forex trader, this is the time to enter or exit the market. The massive volatility ensures that prices touch unrealistic highs or unrealistic lows providing opportunities for traders to make a fortune. However, to be able to do so, the trader must first already hold a position in the underlying currency and should be able to ascertain the extent of movement that the macro news will cause. This involves a deep understanding of macroeconomics, which is usually taught to Forex traders via a specially developed course.
As a Forex trader, this is the time to enter or exit the market. The massive volatility ensures that prices touch unrealistic highs or unrealistic lows providing opportunities for traders to make a fortune. However, to be able to do so, the trader must first already hold a position in the underlying currency and should be able to ascertain the extent of movement that the macro news will cause. This involves a deep understanding of macroeconomics, which is usually taught to Forex traders via a specially developed course.
