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3 Shortcut Tips of Forex News Trading - Forex Function

3 Shortcut Tips of Forex News Trading

Last Update: 12 November,2014
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There are three basic shortcut tips for Forex News trading, which are describes below:

1) Using pending order like BUY Stop and Sell Stop with the gap of 15-20 pips before (2-3 minutes) releasing the high impact news is one of the good news trading strategy . This idea may not work properly due to slippage problem. However 70-80% traders are being succeed in this strategy. See how to set pending order

2) Enter the market when price movement make spike after releasing the news. This is more risky but if you are an expert in news trading then you may capture it easily.

3) Enter the market after releasing the economic data news by seeing the market condition, trend, pivot, support , resistance.it's another good strategy and winning ratio is also high.

Warning:
News trading is high risky and many professional trader avoid news trading as they are believe in technical analysis.Generally after the effect of any high impact news market moves on its technical analysis .So use your good money management for better trading and to be safe from high risk.


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