Expert traders are aware of the impact of global developments in Foreign Exchange (Forex/FX) markets as well as stock markets and futures markets. The impact of factors like interest rate decision-making and retail sales, inflation, industrial productions, unemployment, consumer confidence surveys as well as business sentiment surveys manufacturing and trade balance surveys influence the direction of currency movements. Although traders can monitor the data manually by using the traditional sources of news, reaping by using automated or algorithmic trading using news feeds with low latency is a more reliable and efficient method of trading which can boost profits while decreasing risk.Web news The faster traders can take in economic news, analyse the data, make choices and apply risk management strategies and make trades and trades, the more profitable they will become. Automated traders tend to be more profitable than manual traders due to the fact that automated trading system employs a tried and tested rules-based trading strategy which employs the management of money and risk methods. The strategy can process trends, analyze data , and make trades faster than a human , without emotion. In order to make use of high latency of news sources,, it is vital to select the correct low latency feed […]
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