Many governmental and economic bodies around the world publish various economic indicators. Be aware of these; such indicators are closely monitored almost all professional traders worldwide. Why? Well, with currency markets reflecting the relative performances of the national economies of the world, such indicators can significantly impact the value of a currency, often within seconds of the announcement of the indicator.
Failure to pay attention to upcoming announcements have led many novice and unprepared traders to wake to see their trading accounts in significantly different states from the prior trading session.
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