Which Forex tratergy for trading news that is really working?

[JTcozz]

Good day, can anyone of you please share the best strategy for trading the news. I mean the best one that works.

 

[tommy112]

Good day, can anyone of you please share the best strategy for trading the news. I mean the best one that works.

im not sure but there should be some good stuff on this sight

 

[ForexForumMadhu]

According to me, choose a stragegy which you feel is the best and stick to it everyday.

 

[Daantje Pieters]

If you want to trade, you have to work with market context. It will be much easier to make a profit if you can work with market context. However, if you use it in news trading, the chances will increase.

 

[mlawson71]

To trade news you have to have a good understanding of fundamental analysis. It's less about strategy and more about knowing about the market.

 

[Supercilious]

The best strategy according to me for news trading is using buy stop order and sell stop order together. If the news is going to have a huge impact but you are unaware of the direction that the price may approach, placing the buy stop order and sell stop order together will make sure that if the price goes above or below a certain level, buy and sell orders are placed respectively. You can also define stop loss and take profit so that your trade is more secure.

 

[Zygosis]

The main thing that matters in a forex trading strategy for news trading is the direction of the price. Whichever strategy is used should be able to trade with the actual direction of the trend. A strategy to buy or sell before the trend is confirmed may not be very successful.

 

[ravana]

you want to trade, you have to work with market context. It will be much easier to make a profit if you can work with market context. However, if you use it in news trading, the chances will increase.

 

[ravana]

not sure but there should be some good stuff on this sight

 

[sooriya]

The most common way to trade forex on news is to look for a period of consolidation ahead of a big number and trade the breakout on the back of the number. A variety of exotic options are available for traders who want to capture a breakout move, but with less volatility than trading the currency pair itself.

 

[Schmooze]

You can wait for the reaction of the market to the news. Once the market starts moving in a direction, you can buy or sell accordingly. But do not stay too long with the trend as it may reach its high soon. Stay until you reach half of an expected movement. This will make sure that you secure your profit avoiding any sudden opposite movement.

 

[nazakicha]

Please someone share your news trading strategy for benefit of other people, so many thanks

 

[fashayma48]

Good day, can anyone of you please share the best strategy for trading the news. I mean the best one that works.

Dont trade on high impact news

 

[noahlucas]

Trading the news can be a high-risk, high-reward strategy, as it involves taking positions based on the release of economic or political news that can have a significant impact on the currency markets. Here are some tips for developing a news trading strategy that may help improve your chances of success:

1. Understand the news events: It is important to have a clear understanding of the economic or political news event you are trading. This means knowing the expected impact of the news on the currency markets and having a plan in place for how you will react if the news is better or worse than expected.
2. Use a reliable news source: To stay informed about economic and political news events, it is important to use a reliable news source, such as Bloomberg or Reuters, that can provide accurate and timely information.
3. Monitor the market sentiment: Market sentiment can have a significant impact on currency prices. For example, if investors are optimistic about a country's economic outlook, the currency may appreciate. Monitoring market sentiment can help you make informed trading decisions.
4. Manage your risk: News events can be unpredictable and can cause significant volatility in the currency markets. It is important to use risk management tools, such as stop-loss orders, to limit potential losses.
5. Consider trading with a demo account: Trading the news can be challenging, so it may be a good idea to practice with a demo account before trading with real money.

It's worth noting that no trading strategy can guarantee success in the forex market. Trading the news can be particularly risky, and it's important to do your own research, develop a solid trading plan, and be prepared to manage your risk carefully.

 

[skrimon]

It's important to note that trading news can be risky due to the potential for sudden and significant market movements. Traders need to exercise caution, manage risk effectively, and consider implementing appropriate risk management tools like stop-loss orders. Additionally, staying updated with economic calendars, understanding the market sentiment, and practicing on a demo account can help familiarize yourself with the dynamics of news trading before applying real funds.