I prefer www.forexfactory.com. How to understand news? Here is some tips, click on Graph. There is a Yellow Marking,if the result higher than the yellow marking,it means the news is GOOD. If the news below than the marking, it means BAD. Match with technical view. And start to open your position.
Basic technical usually people used.
1- MA (Moving average)
2- Stochastic
3- RSI
Hopefully this tips might useful and brings a better result on your trading. Have a good try!
Some useful tools for all traders.Thanks to mataf.net.
(c)Mataf.net forex and Currency relative strength index
(c)Mataf.net forex and Forex correlation
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