Source: Forex BulletProof
Forex reports is something that all currency traders have to know about. It’s critical for a trader to be fully informed about changes in commercial performance signals like IRs and work figures, not just for his very own country but for all of the states whose currencies he is likely to trade.
Fortunately, it isn’t necessary to know a lot about economics or finance theory. Most traders do not even try to foretell what the next currency exchange stories announcement will show. It’s right a person who can, may have an advantage in the currency trading market, but they can also be caught out when the market moves ahead of an announcement and then retraces if the announcement is not really as predicted. Most retail traders (that is, non-public investors telecommuting) depend on technical rather than fundamental research for their trading signals. In a sense you could even say the less you know about high finance, the more critical it is that you know when an economic report is due.