<p class=”MsoNormal”>News trading is an integral part of the strategy that every experienced
market player should take into account. This tool has already proven its
effectiveness. And, it is particularly evident when it comes to the multitude of
events that the world is facing, thus having an impact on the global economy
and business sector. </p><p class=”MsoNormal”>The present article covers all the basic concepts behind news trading
illustrated by the platform from UTIP Technologies Ltd. </p><p>UTIP Mobile “My Trading” Leaves Room for News-Driven Experiments</p><p class=”MsoNormal”>To ensure successful news trading, one should monitor the most recent
events and their impact on the market, compare previous forecasts, determine
further price movements and place pending orders to buy or sell products. This
approach allows the trader to minimize risks and open positions with relative
confidence. Keeping up-to-date is the most important thing in a trading
strategy. With news releases having a short-term effect, one cannot overlook an
emerging price trend. However, like any other business, news trading is a
matter of practice. There are more than a dozen economic events published daily
in UTIP Mobile “My Trading,” and the app gives enough room for market players
to experiment and upgrade their skills.</p><p>UTIP Mobile “My Trading” Provides a Calendar with News Affecting the Forex Market</p><p class=”MsoNormal”>In fact, not all news has the same impact on the market. Some quotes are
susceptible to speculations, while others begin their movement only after the
most extraordinary events take place. That’s when the Economic calendar of the
Mobile Web Terminal by UTIP Technologies Ltd. comes into play, where market
players can find the most significant news affecting the Forex industry.</p><p>It Is Easy to Find the Necessary Event with a Convenient Filter</p><p class=”MsoNormal”>In order to find a suitable event for a particular currency pair, there
is a specific filter in the calendar. This feature allows users to select a
country, a news category, and a preferred importance. Currency price
fluctuations are often triggered by news from their issuing countries, and
selecting the appropriate filter is important to search for recent
developments.</p><p>News Can Be Evaluated in Terms of Price Outlook</p><p class=”MsoNormal”>Once the event is
found, a trader may proceed to the next step and assess the prospects of price
movement. The news in the UTIP calendar has three basic parameters: </p><ul><li>’Actual value’;</li><li>’Forecast’;</li><li>’Previous value’.</li></ul><p class=”MsoNormal”>Most of the news published is of a periodic nature. These events come out
on a regular basis, thus allowing traders to track all the changes made. A
timeline with previous indicators can be found in the ‘History’ tab,
showing modifications over the entire period: from a few months to several
years. </p><p class=”MsoNormal”>In case the news has not been released yet, the actual value won’t be
reflected on the screen. At this point, there are two other parameters to focus
on, i.e. ‘Forecast’ and ‘Previous value’.</p><p>Data for the Forecasts Are Sourced from Major Financial Publications and Analytical Centers</p><p class=”MsoNormal”>The forecasts are
based on the reports of prominent financial magazines and analytical centers.
Although they cannot represent the absolute truth, there is a rough estimate of
what the market might expect. A link to the data source is attached to each
news item so that the user is able to evaluate them as authoritative.</p><p class=”MsoNormal”>UTIP Mobile “My Trading” by UTIP Technologies Ltd. comes with all the
necessary features to trade on the news. This functionality will be added to
the WebTrader New mobile version in the near term, thereby allowing market
players to enjoy the working process without having to switch to another
platform. No registration is required to access the software, and it makes the
app more user-friendly. A demo version of UTIP Mobile “My Trading” is now
available on <a href=”https://www.utip.org/” target=”_blank” rel=”follow”>the UTIP website</a>.</p>
This article was written by Finance Magnates Staff at www.financemagnates.com.
