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Old 05-14-2012, 11:38 AM   Nav to Top  #1
asiaforexmentor
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Default How do you trade the news in forex trading?

How do you trade the news in forex trading?




A lot of people have been asking on how to trade the news.
although i strongly do not recommend just trading based on news only, but here’s some pointer.
1. News are categorised into the level of impact. low, medium, high
just like the word high, high impact news can change the trend of the market. changing a downtrend into an uptrend and vice versa.
some medium impact news do have such capability too.
2. watch out for the upcoming important news weekly and daily.
and note which pair will the news affect.
3. if you are in a position and there will be an upcoming high impact news in 2hrs time.
take either half your profits first as the market will start going frenzy usually 2hrs before the news. shift your stoploss to breakeven. this way, if you are going long and the news impact reversed the market, you still got half your profits and broke even on the other half.
4. if you are not already in position before the news. wait for 10 mins after the news is out before entering. as in the first 10 mins, you will see price go spiking around and it happens alot of time when once the news is out, price goes spiking up real fast. you will be there thinking if you don’t catch the boat now, you are going to miss a hell lots of pips. and when you got in at the high, price went spiking even faster downwards. what the..?!
did this happen before to you? Don’t worry,it happens to every one.
this is how the market works.
one reason is that when the news is out, major players throw in a sum of money enough to move the market up. when people sees the market moving up, they jump in to push it even higher as they went in with the ‘fake’ movement. the major players then wait for price to go up high enough and then they step in to throw in large influx of money to short it. gaining great amount of pips in a short period of time. i know this happens, and it happens a lot of times.
the other reason is that, the market is based on sentiments. even though the news is positive, and people start buying it long. making the market move up. but if the general market feel that the news is not as good as expected or for some other reason. the big players and professional traders will start shorting it. leaving the losses to those who just traded on positive news.
therefore, one way to go around it is to wait for 10 mins after the news is out to evaluate the REAL market movement before entering.
but as always, i highly recommend adding price action confirmation to it. then you have a high probability winner.
i hope this article helps and leave me a comment to let me know how you feel or any additional input you would like to add are welcome.
Ezekiel Chew
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Old 06-25-2012, 06:41 AM   Nav to Top  #2
Gorald
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Trading news in forex has become very popular among many traders now a days. I also love to trade news in forex. I always keep an eye on important weekly news and make trading decisions accordingly.
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Old 07-03-2012, 05:14 AM   Nav to Top  #3
Mariavelen
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Trading in commodities is getting popular with each day, and like many investors, you can ensure a handsome amount of side income every month. If you want to trade in commodities, the first thing that you would need to do is to find a trustworthy broker. You may consider trading in commodities on your own, but the fact is like most other securities, trading in commodities is full of risk. You will have to worry and wonder about many things, and given the fact that you already have a job to handle, you may not have the time to offer to commodities training. There are brokerage firms and individual brokers who can help you with your trading.
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Old 11-12-2012, 10:35 AM   Nav to Top  #4
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Old 02-07-2013, 02:18 AM   Nav to Top  #5
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1. News are categorised into the level of impact. low, medium, high just like the word high, high impact news can change the trend of the market. changing a downtrend into an uptrend and vice versa.some medium impact news do have such capability too.
2. watch out for the upcoming important news weekly and daily.and note which pair will the news affect.

Best Regard
Vishal Chadha
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Old 02-07-2013, 06:30 AM   Nav to Top  #6
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I don't - I position trade on the 4 hour. I like when the news spikes UP right into my sell limit order, make for a good entry.
I wonder if the friends of the fed make a killing on the news trades?
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Old 03-04-2013, 01:48 AM   Nav to Top  #7
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I am a beginner Forex trader. I am learning a lot from trading news and also participating online discussion. Its not possible to understand the Forex market over night and I think its very risky for amature. So its really important to keep eye on Trading news.
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Old 12-26-2013, 10:09 AM   Nav to Top  #8
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The majority of forex traders rely on technical analysis to trade the markets. Just about every day, countries release important economic reports. These reports summarize certain aspects of the country's economy.
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Old 03-31-2014, 04:35 PM   Nav to Top  #9
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When news comes out, especially important news that everyone is watching, you can almost expect to see some major movement. Your goal as a trader is to get on the right side of the move, but the fact that you know the market will most likely move somewhere makes it an opportunity definitely worth looking at.
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Old 05-20-2014, 05:50 AM   Nav to Top  #10
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i GENERALLY TRADE by seeing the chnges and frequemcy in few days.
by watching the market.
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