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Using MetaTrader for news and fundamental analysis

lab4word

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Economic Calendar: MetaTrader has an inbuilt economic calendar that displays upcoming economic events and their expected impact on the market. It can be found under the "View" menu, and then "Economic Calendar"

News Feed: MetaTrader also has a built-in news feed that displays breaking news and analysis from various sources. You can access the news feed by going to the "View" menu and selecting "News."

Custom Indicators: There are many custom indicators available for MetaTrader that can be used for fundamental analysis, such as indicators that show the strength of a currency based on economic data.

Expert Advisors: There are also expert advisors (EAs) available for MetaTrader that can be used to automate the process of analyzing and trading on the basis of fundamental data.

Custom Scripts: You can also use MQL to create your custom scripts that can retrieve, process, and display news and fundamental data, or even make trades based on that data.

External Data: You can also use external data sources, such as APIs, to retrieve data on economic events and incorporate it into your analysis.

Keep in mind that economic data can be subject to revisions, so it's important to be aware of the latest figures and to monitor for any changes.

It is also important to consider the context of the data and how it relates to the overall economic situation.

You should also be aware of different time zones, as the data may be released at different times in different countries.

Keep in mind that news and fundamental analysis should be used in conjunction with technical analysis and not as a standalone method.
 

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