{"id":215701,"date":"2020-01-30T22:23:17","date_gmt":"2020-01-30T22:23:17","guid":{"rendered":"https:\/\/www.forexmentorpro.com\/blog\/?p=215701"},"modified":"2020-01-30T22:23:17","modified_gmt":"2020-01-30T22:23:17","slug":"how-to-trade-interest-rate-news","status":"publish","type":"post","link":"https:\/\/www.forexmentorpro.com\/blog\/how-to-trade-interest-rate-news\/","title":{"rendered":"How to Trade Interest Rate News"},"content":{"rendered":"<p>Hi, on Sunday I explained that this week was all about the Gbp.<\/p>\n<p>In Tuesday&#8217;s live training session I then showed how I had taken a trade on the Gbp\/$ in preparation for the interest rate announcement today.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"qa2jFYo0Qk\"><p><a href=\"https:\/\/www.forexmentorpro.com\/blog\/lots-of-trades-all-at-the-same-time\/\">Lots of Trades All at The Same Time<\/a><\/p><\/blockquote>\n<p><iframe title=\"&#8220;Lots of Trades All at The Same Time&#8221; &#8212; Forex Mentor Pro - Blog\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" src=\"https:\/\/www.forexmentorpro.com\/blog\/lots-of-trades-all-at-the-same-time\/embed\/#?secret=qa2jFYo0Qk\" data-secret=\"qa2jFYo0Qk\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>My thought at that time was if it could get 40 or 50 pips in profit I would move the stop to entry and cross my fingers, the trade would be risk free with a potential decent profit if it went up.<\/p>\n<p>That plan wasn&#8217;t working, so I took some profit and moved my stop closer to reduce the risk.<\/p>\n<p>I show in the video how I had also shorted the Euro\/Gbp for the same reasons. This entry was based on Sunday&#8217;s analysis to short at 0.8590.<\/p>\n<p>Prior to the news I took some profit from both trades and was covered if they lost. I now had a completely risk free trade.<\/p>\n<p>See the video as its easier to see my strategy, what I did and how many pips I bagged \ud83d\ude42<\/p>\n<p>Excuse the rushed narrative, I was trying to manage 2 live accounts whilst recording this video on a demo for you, so it was all a bit stressful!<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><strong>If you would like to learn how to trade like a professional check out our 5* rated forex mentor program, RISK FREE; by clicking on the \u201cGet Started Today\u201d Button below<\/strong><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/www.forexmentorpro.com\/blog\/mw-post\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" src=\"https:\/\/www.forexmentorpro.com\/blog\/wp-content\/uploads\/2017\/01\/728x90-.jpg \" width=\"728\" height=\"90\" alt=\"\" title=\"\"><\/a><\/p>\n<p><iframe src=\"https:\/\/player.vimeo.com\/video\/388216927\" width=\"640\" height=\"360\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hi, on Sunday I explained that this week was all about the Gbp. In Tuesday&#8217;s live training session I then showed how I had taken a trade on the Gbp\/$ in preparation for the interest rate announcement today. Lots of Trades All at The Same Time My thought at that time was if it could [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":215669,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","rank_math_lock_modified_date":false,"footnotes":""},"categories":[4],"tags":[300],"class_list":["post-215701","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex-education","tag-how-to-trade-the-news"],"_links":{"self":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/215701"}],"collection":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/comments?post=215701"}],"version-history":[{"count":0,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/215701\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media\/215669"}],"wp:attachment":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media?parent=215701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/categories?post=215701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/tags?post=215701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}