Trading on the News Strategy

In this article we will understand the forex trading strategy news. This trade on the news will be based on information on the US labor market, namely Non-farm

 

He is particularly loved by forex traders because he makes the market move. A tangible market reaction that can be predicted with a high probability is just one of those excellent opportunities for us to earn.

 

Our Forex trap will work anyway, no matter which way the price goes. If one of the forex orders is triggered, delete the other. Working according to this scheme we are highly likely to get the necessary profit.

 

The "trade on the news" strategy will be excellent for beginners on Forex and already experienced traders. Also for beginners will be interesting strategy Sniper.

 

Article forex trading strategy by News

forex trading strategy on the News In this article we will understand the forex trading strategy

news. This trade on the news will be based on information on the US labor market, namely Non-farm

 

He is particularly loved by forex traders because he makes the market move. A tangible market reaction that can be predicted with a high probability is just one of those excellent opportunities for us to earn.

 

Every first Friday of the month, traders around the world look forward to the release of data on the number of new jobs outside the US agricultural sector (Non-farm). The increase in the number of jobs has a positive impact on the national currency. Accordingly, the deteriorating unemployment situation is already having a negative impact.

 

The state of the market before the release of Non-farm data is not always constant. For traders, market fading will be a good sign, in which case further movement is easy to predict. The situation is different when the market swings. In that case, it is better not to risk, as the movement can be extremely unpredictable.

 

In a positive environment for us we set a trap for the price by orders buy stop and sell stop. They are installed right before the data is released. Stop Loss is approximately 25-30 points with expected volatility of Forex 90 currency pairs. Accordingly, we set Take profit 60 points from the current price. It is also important to move Stop Loss to the break-even position.

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