How to Trade Forex News

How to Trade Forex News

How to Trade Forex News

When a news came out, the market tends to shift. Forex trading news is an easy way to make money. News to influence the market the way to move. Predict how the market will respond to a specific message in the mobile becomes your job. News, you should focus on are those that directly affect the two currencies, you reprocess. To be sure, you're always watching the news, at that critical moment of release first appeared in the media. U.S. market news is usually released from 8:30 to 10:00. If you re dealing with yen currency its partners, must pay attention to Japan's evening news, usually delivered in the 6:50 to 11:30 hours.

Watch news

Watch the news on what special things that you should pay attention to? In fact, there are many triggers. However, it may affect the market is one of the few things in interest rates, inflation, trade balance, unemployment, retail sales, industrial production and changes in the news. The findings illustrate some of the news that may affect market behavior approach. Be sure to pay attention to them. Research firm to conduct market research to determine the business sector, consumers and manufacturers emotions and current conditions.

How to Trade Forex News

There are two ways to conduct foreign exchange business messages, these are directional and non-directional strategies strategy. Directional told traders to buy the rumors, sell news. A few days ago a specific message out, there will be speculation. Many traders buy these speculations. However, when the actual news items out exact figures were released, this time, they sell. This strategy is called directional policies.

Non-directional strategy involves only focus on the big news of the essence. When big news hits, you will not € ™ t or decision on the basis of speculation. You only need to buy based on the messages, regardless of whether the market price will go up or down. Strategy is known as non-directional bias, because you will be putting your money trading parties. In this way, market movements in any direction, you've got two € ™ invest.

Although the transaction message is a profitable way to earn foreign exchange, there are too many hazards associated with it. Always keep in mind, the market can be very volatile. Broaden your spread may damage your investment in the long run. In addition, the possibility of locking. Is locked at the right time, you have to execute your trading means, but the system can not be displayed until after a few minutes. When this happens, it is impossible for you to make a change after you start to trade on the move. Forex trading news certainly requires practice and experience.