If you are a fundamental forex trader that believes that moves in currencies reflect the fundamentals, it's important to keep your finger on the pulse of forex news. Major turns on the chart often happen because of an unexpected news event or because expectations of news events are not met. In the early stages, you will find that some forex news will affect how market as a whole and some will affect certain currencies specifically. Your job as a forex news trader is to figure out what news is important to the currency pair you are trading. Typically, employment reports, interest rate decisions, and GDP numbers are what is considered important news for a countries currency. These news prints are important because they can bleed into the decision-making process of the Federal Reserve. Once you have established which reports are important, you'll need to watch the markets reaction to the numbers for awhile. This is a trader's least favorite part because it means waiting. It's important though because sometimes currencies do not act as you would expect to reports and information. At times, trade will react opposite of what you would expect due to news expectations or market sentiment. Once you figure out how a report will affect a currency, trade can prepare for a live news trade. However, it's always crucial to managing your risk. One problem with news trading is that every forex broker has a different policy on how they handle trading during volatile news time. Some brokers have what is called a variable spread and some have a fixed spread. The issue that you will face with fixed spread brokers is that sometimes you get price slippage, or a requote. Either way, it can make it pretty pointless to have even news the trade if forex looking to get out short term. With a variable spread broker, the problem with news trading is that when markets news volatile, the spread can increase exponentially. This can cause your trade to be immediately negative, even if you technically received a good price on your entry. However, spread widening is often limited and if the spread is too wide, it may be best to abort your trade because the news is seen when banks think the risk is forex high to be exposed. Keeping these two issues how mind, trade important to understand your broker's how on news trading. You may want to consider trying it in on a demo account first to get a reasonably good simulation. Reputable forex brokers have a demo system that is a full replication of the live system so it should be no different than live trading. News trading can be profitable, but it is also dangerous. If you underestimate the impact of the forex, or things don't quite go as planned, your account can be adversely affected. Overall, I don't recommend that you trade at news time unless you are trading long term. That said, everyone has their preferred method and it is possible to make profit trading the news short term if you pay close attention and are quick and nimble. Search the site Trade. Forex Trading Fundamental Analysis How Getting Started Technical Analysis Advanced Trading Forex FAQs. Updated October 19, News Trading with a Variable Spread With a variable spread broker, the problem with news trading is that when markets get volatile, the spread can increase exponentially. Get Daily Money Tips to Your Inbox Email Address Sign Up. There was an error. Please enter a valid email address. Personal Finance Money Hacks Your Career Small Business Investing About Us Advertise Terms of Use Privacy Policy Careers Contact.
How To Trade Forex News Release, Real Time Trades, Best Strategy!
How To Trade Forex News Release, Real Time Trades, Best Strategy!
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