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Trading Forex News
Releases Infographic
We show you
what to do when trading Forex News releases – Our
advice should not surprise you…
People trade News
releases in various different ways but most use a “straddle” trade a few
minutes before.
This is of
course just an example, there are other ways to trade New releases but this
type of “straddle” trade is quite common – The aim being
to catch the move caused by the News release, regardless of direction
What
News Releases To Trade And Why
- NFP
- Retail Sales
- Trade Balance
- CPI
- FOMC
Moves of 50 PIPs or more
can be expected
What
Currencies To Trade And Why
- EURUSD
The most traded Currency
pair in the world and one with an expected move of 50 PIPs or more following
one of these News releases
Likely
Events
False Breakout – Results in a Losing trade
Slippage –
Results in a worse than expected Entry/Exit and a more expensive losing trade
or a less profitable winning trade
Broker Freeze – Not so common but still happens and means you don’t know if
you are in the trade or not – You don’t know how to or cannot manage your trade
Winning Trade – Even if you manage a decent strike rate, remember to take the
above events into account
What to
do when trading News releases
This is what we do…
At least half
an hour either side of those News releases identified above we take
some time away from the screen – The odds for
success are against all of us!
Our
Advice
Do what
we do…
Don’t
trade Forex News releases
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