So, why is news so important? As we said earlier it’s preferable to know and use not only technical analysis, despite of its popularity, but fundamental and sentiment analysis also. In fact, technical analysis just shows visually the market, but news is a big part of what forms it. When you see, say, a Head & Shoulder reversal pattern – it appears not just occasionally, this is just a price action that shows changing market’s sentiment. But this change happens not because H&S is forming, but because some important news data has changed market opinion. If you do not quite understand about news’ importance, may be you’ve seen the movie “Wall Street” with M. Douglas where he played a Big Whale of stock market. The major idea was that he makes trades that were based only on unknown news events but not on different analysis of that information that already was well-known. If you want to buy some equities, but do not know which one particularly, it’s difficult to make a choice. But if you know for sure that this particular company will show 200 gains in revenues tomorrow and nobody else knows that yet – the choice is obvious. That’s the weight of news. Pipruit: Well, but Douglas’ hero was jailed for a long term, you know… for that “news trading”… Commander in Pips: Right, but this has happened on stock market, since trading the news, that have become known just to you somehow and not-known to the public is called “Insider trading”. This is a criminal act. But we are not at stock market, right? Pipruit: And? Commander in Pips: There are no such restrictions on the Forex market – trade news how you want, whatever you want. Pipruit: Cool! And you probably know the specific ways how to know news before the rest of the market?