The Use Of Economic News in Forex Trading

To perform a successful transaction in the currency market/Forex immediately after the economic news, you can use two strategies.

The meaning of the first strategy is to make the deal profitable using regression after the official news release. After the economic news came out, the price briefly delayed at the height discrepancy between projected and the official data. This is a very short period of time, but such fluctuations occur at the top of a large number of times. This allows the trader to enter into a transaction. Then, if the price makes a small setback, which in time takes about 10-15 minutes, the trader has entered into a transaction can catch the second part of the price movement. Such a transaction is of great benefit.

The second strategy – this is a breakthrough. In this case, the trader must wait until the formation of the range of what is going on for fifteen minutes before the official release of economic news. The deal must be opened in the direction of a breakthrough this range, identifying in advance the time for the closing of positions, so as not to increase the potential risk and do not suffer losses from the transaction.

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