Trade with Forex news

avatar
· Views 94

#OPINIONLEADER#


Firstly some forex trader try to forcast what the result of the economic release will be and place a trader prior to the release based on this.


For Example in, forecasting U.S. jobs data you can use employment component of PMI reports. If the employment component of three reports has increased from the previous month, it suggest that the number of new jobs created also increased.


A second strategy of forex trading the news is to wait until the figure has been released and trade based on how the market typicaly reacts to such scenario. For example if US retail sales beat expectation by a wide margin you might sell EUR/USD based on antisipated strength in the US dollar.


EUR/USD was a high of 1.2530 and low of 1.2405 a trader might put a buy stop order in at 1.2530 and a sell stop order at 1.2405. This is done with the expectation that the price break out above 1.2530 it will continue to rise and conversely if it breaks below 1.2405 that it will continue to fall.


#OPINIONLEADER#

면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.

이 글이 마음에 드시나요? 작성자에게 팁을 보내 감사의 마음을 전하세요.
댓글 0

  • tradingContest