It is easy to get stucked in this trap when you read a particular economic news and tell yourself that it seems likely to make the market go in a certain direction. Once you convinced yourself that what you expect to happen is basically you digging for your account. In the early years of trading, many traders were stuck in the trap of trading in news and focused too much on fundamental analysis.
Trying to find out what the market is going to act next after the major economic reports are published appears to be obvious and useful to a trader at the time. However, you may be surprised to learn that the trader focuses too much on news that is losing money as prices tend to move in the opposite direction from what the news reflects.
Is a good advice I most confess, but not every trader will have this mindsets, basically I will recommend that one gets to also study how to interpret the charts and as well having a good FA and TA.
It is basically called to buy the rumour and sell the news. If everyone is aware of expected good news then traders jump to the bull boat as soon as possible in order to take the high prices. In another case, market makers turn the markets upside down and everyone fall the dips.