Bitcoin News And Its Effects On Modern CurrenciesWhen trading bitcoin it is vital to know the foremost important factors which affect currency pairs and their movements.
While there is a huge number of hidden factors that have a small impact on a currency pair's trend, there are certain factors that have a particularly significant and powerful effect on one pair's trend.
Unlike technical analysis, the news is often much easier to interpret, especially for brand spanking new traders, because it is generally simple and one can determine which currency pair a particular headline goes to affect by simply watching which country or region of the planet it came to out of.
Long Term vs. Short Term Effects While news trading is often very profitable, it's generally only useful when trading within the short term, as headlines have a way stronger effect on the short-term movement of currencies instead of the future.
future trading strategies should be based more on technical analysis than on fundamentals, but the news still holds a key aspect in future trends.
This key aspect has got to do with breaks during a trend.