One of the great advantages of trading currencies is that the forex market is open hours a day, five days a week from Sunday, P.M. EST .Learn the two main ways to trade the news in forex having a directional bias or a non directional bias..The first thing to consider is which news reports to trade. Ideally, you would want to only trade those reports because there is a high probability the market will make a big move after their release. It doesn't matter which direction the price moves, the straddle strategy will .Important tips. Focus on the most important news that could produce the greatest effect on the market. Wait for the publication of the chosen release, and then dive into trade according to the plan. Remember that the market s reaction to a news release usually lasts from min up to hours..
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How to trade forex on news releases. One of the great advantages of trading currencies is that the forex market is open hours a day, five days a week from Sunday, P.M. EST until Friday, P.M. EST ..
How to Trade Forex after a Major News Release. This can be because a flow of orders comes in the moves around prices but regardless of the reason this is your opportunity to have the market prove to you a level of support or resistance. If price touches that important level and holds, you can enter in a way so that your risk is still tight as the market continues business as usual..
Can employ today to take advantage of forex news in the market. I have some experiences that I will share to show how you can find some great trades and how you can identify the duds before they become reals in your portfolio. The examples I am using in this article are not the only possible trades available..
Straddle Trade. This is known as a straddle trade. You are looking to play BOTH sides of the trades. It doesn't matter which direction the price moves, the straddle strategy will have you positioned to take advantage of it. Now that you're prepared to enter the market in either direction, all you have to do is wait for the news to come out..