There is one aspect about news that is important for me. News increase volatility.
It’s important to know the time of News release if you trade affected currency pair. During News time market becomes volatile and I want to benefit from this volatility, or at least be prepared (and not loose). The strength of this volatility depends on the surprise factor brought by news.
Forex
Factory provides the nice and useful calendar http://www.forexfactory.com/calendar.php
where news are classified according to the importance: High, Medium, Low.
Pity,
sometimes I am focused too much on the chart and forget the News. I am sure I am
not the only one J
For this
purpose it’s good to use a News indicator. You can get one here -> News indicator
We also add
the News functionality into AMPmonitor. We just design the presentation layout,
so if you have any good idea or suggestion visit this thread and share your
thinking -> Adding news info to AMPmonitor
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