Many
traders prefer Forex trading depending on Forex News. They inspected the
economic calendar to see the announcement of key economic data such as
non-agricultural sectors payrolls report dates, and prepping for trading
currencies linked either before or shortly after the announcement of the
Declaration. Of course, in case something unexpected happened, and they were
told in a timely manner, it is possible that the deliberate Based on that, too.
There are a few different methods are commonly used in trading in Forex News.
We will take a look at each one and identify the pros and cons of each one,
before we reach conclusions.
Here
are the secret small trading on Forex news: Most of the time, the news does not
change the movement of the market, but it just rushing. When mixed this with
the fact that the market tends to range the majority of the time, especially
after a sharp move in a particular direction, you will realize that most of the
trading opportunities in the news are trading against the initial motion,
instead of the expected follow-up.
Forex
trading news and immediately after the announcement
This
it seems logical: Make sure that the market expects, and the minute you see
where the bypass or not reach expectations, open trading. Most likely that this
will never work, for many reasons, such as: liquidity will be very weak, and
there will be a big slides, and deployment will be very high, and the broker
you are dealing with may not be able to give you the price you want. Usually,
by the time the individual rolling able to enter the market after the key
market news, the price is very weak. It is possible that it does not matter
that this was a very important event, such as non-agricultural sectors of the
US payrolls report, but it will be important in all other cases.
Open
pending orders before the announcement
It
may be wise to wait until the release of key reports on the market, such as the
minutes of the Committee or FOMC meeting and non-farm sectors payrolls report
before the announcement directly, you place pending orders with the broker to
buy, for example, 50-point and 50-point sell at the bottom. In fact, this is a
very bad idea, because the liquidity become very weak during the last seconds
and the following major announcements to the extent that the price and spreads
may be at high levels. You can easily find an open and parked your trades
through a second or two, which is considered unpleasant at all. Even if you
rightly, there is a likelihood of exposure to a large slide on trading
initiator in case the results were strong.
Wait
until the market absorbs Statement
This
method requires some discipline and mental work and market analysis, and it is
the only way to trade news. You have to compare the results of news
announcement the expectations of the market and decide whether Forex news led
to a major change in market trends for that currency. When making this
decision, you have to wait a few minutes and see how to move the price.
Should
be your logic is as follows: in the event of changed market expectations the
news to be more progressive, and the price moves exponentially strong, then
waited for the decline and enter into a long trading. In case the news was very
progressive and it did not change the fundamental outlook, which is the most
likely outcome, and the price moves too ascending, Wait retreat and enter in a
reverse circulation. This method avoid slipping problems and weak liquidity and
spreads widening and bad executive.
Secret
Forex Trading News
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