{"id":995,"date":"2017-01-24T00:04:52","date_gmt":"2017-01-24T00:04:52","guid":{"rendered":"http:\/\/forextrainingacademy.com\/?p=406"},"modified":"2017-02-17T14:27:07","modified_gmt":"2017-02-17T14:27:07","slug":"forex-traininghow-to-trade-around-the-news","status":"publish","type":"post","link":"https:\/\/www.forexmentorpro.com\/blog\/forex-training\/how-to-trade-around-the-news\/","title":{"rendered":"How to Trade Around the News"},"content":{"rendered":"

I trade forex predominantly from chart patterns as I have shown you in this course. However since the start of the financial crisis I have had to pay a lot more attention to the news. I read the financial broad sheets and check out up to the minute announcements on Forex Factory<\/a>\u00a0‘s website. \u00a0Speech by a major politician can also cause rapid moves, so best practise is check the calendar before placing trades.<\/p>\n

\"how<\/a>If I am already in a trade and news is due I will either move my stop to reduce my risk OR close the trade if I think it is likely to be volatile.<\/p>\n

On the subject of stops, please note that they are NOT guaranteed and years ago I was unfortunate enough to be in a trade at NFP where price jumped over my stop and cost me an extra 80 pips which meant that whereas I had risked 3% on the trade I ended up losing over 20% of my account!<\/p>\n

How to Trade Around The News<\/h2>\n

I do NOT trade the news per se. I wait for news to be released and wait for the dust to settle, THEN take a trade or not depending upon the result and more importantly the outcome.<\/p>\n

Often there is an over reaction at a piece of news. Price races off in one direction only to stall and then race the other way. Forex often appears to be silly & illogical, none more so than the NFP news (Non Farm Payrolls- USA jobs news) which I never trade. On too many occasions I have seen price shoot up 100’s of pips only to fall back down and move 100’s in the opposite direction.<\/p>\n

Sometimes news comes out that appears to be positive for a currency and yet price races in the opposite direction. I show an example in the video where positive Canadian news saw the value of the Canadian currency fall. So traders who dived in to a trade at the release anticipating a win, found that they had lost and are probably still scratching their heads. My best advice is follow my lead and wait:<\/p>\n

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<\/p>\n

To find out more of our thoughts and inside tips on forex trading, take a look at some more of our blogs<\/span><\/a>.<\/p>\n

\"\"<\/a><\/p>\n

\"play<\/a><\/p>\n

\u00a0To Watch The Video CLICK HERE<\/strong><\/a><\/p>\n

 <\/p>\n

Trade Around Forex News<\/p>\n","protected":false},"excerpt":{"rendered":"

I trade forex predominantly from chart patterns as I have shown you in this course. However since the start of the financial crisis I have had to pay a lot more attention to the news. I read the financial broad sheets and check out up to the minute announcements on Forex Factory\u00a0‘s website. \u00a0Speech by […]<\/p>\n","protected":false},"author":35,"featured_media":1221,"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_focus_keyword":"","rank_math_description":"","rank_math_title":"","footnotes":""},"categories":[111,157],"tags":[162,188,163],"class_list":["post-995","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex-training","category-part3","tag-forex-news-trading","tag-how-to-trade-around-news","tag-trade-news"],"_links":{"self":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/995","targetHints":{"allow":["GET"]}}],"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=995"}],"version-history":[{"count":0,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/995\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media\/1221"}],"wp:attachment":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media?parent=995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/categories?post=995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/tags?post=995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}