How to take advantage of economic data

I will in the following explanation of how to take advantage of economic data as the best and most effective where I will explain all the stages that the investor should know for the trading of the best and biggest gains . The first step of course is very important where the focus of which the most important economic indicators , which are issued every day , where the number of indicators issued daily by countless . It is impossible and difficult to follow them all , so you should not waste time focusing on the weak indicators of influence and care indicators that took the famous over the years and traders behave the time of issuance . Where usually be arranged data according Ahmita in numerous locations many different Kalallowan ways or reference to the important ones . For example, given the consumer price index ( CPI ) and gross national product is one of the most important data which is published in each country , which have a severe impact on the rate decision , which is adopting in its bank of every month (usually 8 decisions per year).
The second step that the investor must be followed is to understand the type of news that will be announced on the same day and the economic reality which is expressed , where we see that the consumer price index , for example, refers to the aggravation of prices and the need to raise interest rates to restrain and home sales index refers to the strength of the real estate sector and its effectiveness , and so on forth .. understand the meaning of economic indicator carefully makes a quick decision - making and for a given reaction and take a crucial decision within a short period of time , which the investor earns a high skill .
The third step is to learn the history of the news and refer back for comparison. But the news and data released in the past be guaranteed and are included in the current market price . On the other hand , the history and the record is also a role and if you can link between the events , it is very good . Successive follow - up of the news over the months to make this data and the data familiar to you and what is its relationship to the economy . Generally every economic indicator will be displayed next to it on the agenda calendar some previous reports about him .
The fourth step is the moment of the release of the news and comparison rapid between the actual result and expected as I have already touched on before that , where should the comparison between the given released if it has exceeded expectations or or released exactly , ranging data between countries in the possibility of a paradox between the expected and which is already released where we see that he usually issued European data without unexpected surprises and close to analysts' expectations, while the recorded economic data issued in the United States discrepancy between the actual result and what is expected. Here I should mention that some investors are betting on a given release of better than expected or worse before the issuance of the given himself and thus make a certain trend , according No more guessing , but I would advise a boat ride with the tide after its inception .
The fifth step is opposite in direction currencies . Must check the prices of non - dollar currencies , or so - called very Arabic Currency decussatio . As is known , the value of the dollar against a particular currency may sometimes change due to changes in the value of these rates against currencies other than the dollar For example, if the yen rose very sharply against the British pound . In other words dropped the pair GBP / JPY it may cause a decrease of the pound against the U.S. dollar any  in the value of the pair GBP / USD.Amin -udEconomic analyst in UFXBANKAmeen QussoomChief forex analyst