Economic news releases often evoke strong moves in the currency market, creating a lot of short-term trading opportunities for breakout traders. However, not all news reports are tradable. Some of them may not have significant forex broker allow news trading on the market while others do.
So, before deciding on trading the upcoming news traders may want to find out whether the news is worth trading or not. Traders can predict most probable outcome of the news by looking at such economic calendar fields as: “Forecast” and “Previous”. Figures in those fields can give an idea about the current situation Then, traders would watch the news report and pay attention to the actual numbers released. This news trading requires more attention from traders, but is also more effective as it carries lesser risks. What you should know about trading the news in Forex1. Even if you do not trade news it is important to know about the date and time the news are due, to be able to prepare to possible short-term extreme market conditions.
Some traders, actually, prefer not to trade at all during economic news releases. Hedging forex brokers allow investors to engage in direct hedges in currency trading. Many brokers do not allow such trade orders, so it is important to select a brokerage that offers this option if you want to engage in hedged trades. The leading Social Trading platform with 4. 10,000 bonus when you deposit today! The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Company was established to provide global traders a deep and insightful source of information on forex trading, its key strategies and indicators.