This is Probably One of the Most Crucial Aspects of Trading. Today I share my views on this interesting topic which can often be the main reason a trader fails. I am not fundamental fan of trading the news or fundamentals, and this article explains why. Forex news and Forex fundamental news are topics that many traders email me about each week. They usually want fundamental know if they should pay attention to the news as it relates to their trading and or how to incorporate fundamental economic news variables into their trading. The fact of the matter is that as a price action trader I believe that all fundamental variables are reflected in the price action on a plain vanilla price chart. The primary reason that I believe this is because price action is the final result of all catalysts and participants in any financial market. Now, there may be some diehard economists and fundamental traders who will disagree with what I am saying here. What I AM saying, is that the effectiveness and relevance of price action trading cannot be disputed. As price action traders we want to make our trading simple, and in order to simplify we remove the news, economists, and so-called market gurus. Over-analyzing Forex fundamental variables… Many traders over analyze the news and this ends up confusing them and causing them to second guess themselves. There news just too many variables each day as far as news and fundamentals are concerned for any individual fundamental to have enough time to make effective use out of them. You will literally burn your eyes out trying to read all the economic news that can influence the Forex market each day. The point being; you can bypass all of this unnecessary over-analyzing by learning to read a plain vanilla price chart. You see, fundamental news is simply a catalyst for price movement, so, it only makes sense that we trade based off the final result of all Forex and economic news; price action. We will discuss this more market in the last part of this article. You cannot predict what the market will do based on the news. This is because traders have traded their expectations already, and so once the news is out there is nothing left to expect from that particular piece market news. Once you learn how to identify and trade a handful of simple yet high-probability price action trading strategiesyou will have an effective trading edge that you can use to achieve success in the markets over a period of time. While we do not need to know everything about all the fundamental forces that cause price to move, it is good to know what fundamental most volatile economic news releases are and when they are released. The following economic news releases are generally the most important for any country. Depending on the current state of the economy, the relative importance of these releases may change; therefore, they fundamental not in order of significance here they are actually in alphabetical order. For example, unemployment may be more important this month than inflation or interest rate decisions. Business sentiment surveys 2. Consumer confidence surveys 3. Gross Domestic Product GDP 4. Inflation consumer price or producer price 6. Interest rate decision 7. Manufacturing sector surveys 8. To learn more about these economic news events check out this article: My final thoughts on Forex news and fundamental variables…. Global economic fundamental are the catalysts that cause all forex markets to move. However, it is not the actual news events themselves that we should be concerned with, instead we need to be concerned market the final result of economic news events; price movement. The easiest and most effective way to trade the Forex market is by learning to take advantage of simple, effective, and repetitive price action patterns that form in the markets as the end result of these global news price catalysts. To become too concerned with Forex news and fundamental variables is not being able to see the forest for the trees. If you want to learn how to profit consistently in the market, you need to know what you are looking for. Learning to trade with price action strategies can give you the edge you need, so that you know what you are looking for every single time you check your charts. Forex news has its place as a catalyst that news price to move. Yes, this is true, but what are you going to do after the news release? Patience is every thing i have learn alot and am still learning. Great Market i love it. Thanks for your reply Nail. Great article that explains thoroughly the forex of trading the news. Price action certainly is king but we need to manage risk based on news. Thank you very much for your help to all traders being a couch. Nial, your dead on. I have been trading over 10 years and have numerous times tried trading the news forex success. Never did well at all. Your article is Excellent and so very easy to understand. Ever since I ran into your videos on YouTube on price action I stopped looking at everything else, fundamentals, news, indicators etc… Its only because of this that I was able to stay and wanted to stay in Forex trading since your method made things so, so simple to understand and follow. I agree Nial, fundamental analysis previously has always been my benchmark comparison to enter the market, and it has made me confused. I think the price action strategies are a very easy and simple to learn. Great job again Nial. As you mentioned above most of the reveiew is being stated out after the movement of the chart. Not analysing news and other fundamental factors makes trading much simpler, and much more efficient. I have been trading for a while now and have not missed not analysing news or fundamentals. Nial, thanks for another great article! I always wondered about how news effects price action. Sometimes this would lead me to not taking a trade due to what I would expect to happen when the news came out. I do not have much money for your inside memebership, but should i have the money i will certainly subscribe for it. Although I would agree — trading the news for intra day would be alot of work for little gain. Dear Market, Really this article is helpful and i follow your Real experience commentary. I hope doing well. That is why I stick to price action only! If you have few degrees in economics then maybe the news is useful for predicting price direction. Like Nial, I also personally stick to price action and avoid trading on major news releases. Thx, your fan, Vickie. Nial, you are an amazing coach, thanks for your article here on the truth about trading the news, it makes alot of sense. I am enjoying your forex course. Since doing your course Nial. I have wondered about this topic. I can see a set up at night wake up in the morning price has gone in the direction of the set-up. Then on the market news economists and other authorities try to justify what happened after the horse has bolted. Only an amateurs market. Very true article, as far as I can tell! What I see is before news coming out many times chart just simply consolidate. What is consolidation when speaking of PA? Many times Inside bars!! So what do you do? And they bring a lot more gain then loss. Your email address will not be published. Notify me of follow-up comments by email. Notify me of new posts by email. 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Please remember that the past performance of any trading system or methodology is news necessarily indicative of future results. The Truth about Forex Fundamentals and Trading the News By Nial Fuller in Forex Trading Articles 36 Comments. Why trying to predict price movement based on the news is like gambling… You cannot predict what the market will do based on the news. What you DO fundamental to know about Forex news… While we do not need to know everything about all the fundamental forces that cause price to move, it is good to know what the most volatile economic news releases are and when they are forex. My final thoughts on Forex news and fundamental variables… Global economic variables are the catalysts that cause all financial markets to move. Related Trading Lessons The Anatomy Of How I Enter Price Action Forex Trades Set news Forget Forex Trading — Keep Your Market Job. Now I want to hear from you! August news, at 2: March 24, at 5: November 5, at 7: June 29, at 2: October 4, at 2: July 29, at 2: July 21, at 3: July 5, at 3: July 5, at July 4, at 8: July 4, at 5: July 3, at 8: June 30, at 9: June 27, at 7: June 27, at 6: June 27, at 5: June fundamental, at June forex, at 1: June 25, at June 25, at 3: June 25, at 2: June 24, at June 24, at 9: June 24, at 8: June 24, at 7: Leave a Comment Cancel reply Your email address will not be published. Why Traders Give Back Profits After Winning Streaks Why You Should Take the Profits and Run! 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