One of the reasons that forex trading has grown (and is growing) so popular is because the markets are open 24 hours a day. While an individual country’s stock and bond markets are influenced mainly by the economic news of that country, the foreign exchange markets are influenced by the economic news of many countries. f95zone
Since the forex markets are open 24 hours a day and since countries release their economic data throughout the day, traders who can only trade at night or early morning can still take advantage of the major market moves that happen around economic news releases.
The main thing you have to consider when trading news is the extreme volatility that occurs. Sometimes a currency pair can move 50 pips in one direction in 2 minutes, and then turn around and move 200 pips in the opposite direction over the next 15 minutes. You, as a news trader, must be willing, able, and capable of handing this extreme volatility while still making money.
Every business needs to be updated regarding different areas such as the market standing of the company, the current trends and even the performance of the strongest competition. This is because every piece of information that is obtained will be used to make a wise decision about the present situation. Such information is now considered as news as they are the newest data that will prove to be very significant to the organization in the days, weeks, months or years to come. What your company needs here is to measure those that should be gauged and one of the most important is of course the personnel. Everyone that works in your company should be assessed including those that deliver and gather the news to the firm. This can be calculated by means of using hr indicators for news.
Human resources are indeed essential in order for you to carry out your local objectives and the corporate wide goals. Without them, you will not find success even if you have invested a lot of money on sophisticated solutions or pieces of software. Thus, you should always ensure that the HR practices are at their best so that the goals will definitely be attained. For your news department, you should make sure that they are competent enough in producing the newest data so that you can keep up with the fast paced world of business.
There are literally thousands of hr indicators for news that you can use and are applicable to your HR dashboard. However, you should not just jump in immediately without knowing first about why you need to measure the division. The first step is to actually have a goal and that will be your basis as to how well your news staff is performing at a given period in time. For instance, your main goal is to increase the revenue with the aid of your news staff. You can use hr indicators for news here like the compensation cost as the percentage of revenue. This will help you measure the revenue that you obtain compared to the salaries of your personnel.
Another goal is to improve the performance of the employees. Thus, what you need here is an indicator that will tell you how effective your employees are, Their productivity per month or per given time should be measured so that you will find out if they are meeting your expectations or not. There will be times when the news HR will not be at their best especially if you have new employees on the area. What you need here is a training session that will bring out their knowledge and skills when it comes to obtaining the latest business news.