Before developing a ‘Trade the News” strategy, we have to look at which news events are even worth trading.
You want to be able to answer, “Which news releases should I trade?”
Forex traders should familiarize themselves with the key event risks that heavily impact the major currencies.
Remember that we are trading the news because of its ability to increase volatility in the short term, so naturally, we would like to only trade news that has the best-market-moving potential for the currency market.
The news that tends to drive price action and produce volatility usually involves:
- Changes in central bank policy (“monetary policy”)
- Shifts in government policy (“fiscal policy“)
- Unexpected results in economic data releases
- Random tweets from a certain world leader who likes to put his name on tall buildings
Being aware of upcoming key event risks can help avoid being on the wrong side of the market.
Learn How To Successfully Trade Forex
If you’d like to earn extra income trading on the Forex market, consider learning how to currency trade with Forex Smart Trade. With their super-accurate proprietary trading tools and best-in-the-business, personalized one-on-one training, you’ll be successful. Check out the Forex Smart Trade webinar. It shows one of their trader’s trading and how easy, intuitive, and accurate the tools are. Or try the Forex Smart Trade 14-day introductory trial for just TEN dollars.
Currency trading is very risky. My results are not typical. We provide a trading trial so you can assess the value of our indicators and tools for yourself.
www.ForexSmartTrade.com/register
