Trading With The Trends In The Foreign Exchange Market

by David Jenyns on May 24, 2006

Trading With The Trends In The Foreign Exchange Market
News, good or bad, trumps all other market trends. Good news about a company, or about another company in the same sector if the sector is a hot one, can trigger sharp rises in the foreign exchange market prices. The key to taking advantage of price runs started by news is to get in early, before everyone else has. Obviously, if you’re the last one in, you’ll buy at the highest price and then watch the foreign exchange market price go down.

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