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FAQ Page 3 - Question 24

Q: Should I pay attention to all the financial and economic figures that seem to be published everyday?

A: I admit there are certainly more figures published these days than ever before. It almost seems that if a spread better is nervous about putting on a position before a figure is released then he'd never trade for as soon as that figure is published, there's another one around the corner.

Some figures are obviously more important than others, and perhaps a sound rule to follow would be not to get that involved before a major announcement, but not get sidetracked by smaller announcements.

So how do you know which figures are more important that the others? This is where experience comes into play. A good idea is to call your spread betting broker at the beginning of the week and ask him if anything very important is due that week. In fact if your spread betting company is on the ball they should post all the week's expected figures and announcements on their website.