Still on Trading News

Hi

As I was still talking about trading the news, for you who are newbies and professionals, I strongly believe that you will never wish to lose money on trading rather you prefer winning in single rows trades. You can always win trading news if you know and pay attention to all the economic indicators that tend to affect the market. Your trading plan should not be much different from the initial setup because your goal can be achieved in 10min to 20min but if you fail to follow your plan, your greed can lead to losing due to volatility of the market.

It is very significant to trade country zone with their news time. If you don't know the direction of the market, wait for some minutes before you enter a trade though you will miss early pips but it is better than losing. If you are able to catch some pips. It will be advisable to exit even before the professionals start making decision on reversing.
Be a smart traders since you are there to catch few pips. You are on your way to top trading if you can stick to your rule.

... see you Later
Abiodun

http://www.forexliteracy.com/

Trading the News

Hi
So many people always ask me if they can stick to only one trading method between Fundamental and Technnical Analysis. My reply is always blunt- Choose what works for you. I think I will provide you with the basis of the .....

Trading the news is becoming a popular technique to trade the forex markets … and why shouldn’t it be? Time and time again you see currency pairs move 50 to 100 pips within minutes or even seconds after a major news release. When you see that, I bet you’re thinking, “50 to 100 pips!? That’s easy money!” Maybe it is, and maybe it isn’t. It all depends on how prepared you are to trade a news release. Trading news releases can be a significant tool in your trading arsenal. If you want, it can be your only weapon altogether. Economic news reports often spur strong short-term moves in the market, which are great trading opportunities for breakout trader.

To successfully trade the news you have to be familiar with the economic data of countries. The economic data such as:
Employment Growth
Interest Rate decisions
Trade Balance
Gross Domestic Product
Retail Sales
Durable Goods
Inflation reports (Consumer Price Index and Producer Price Index)
Foreign Purchases report (TIC Data) and many more and the time in which all these data will be repoted.

When the News be Released?

The list below displays the times when the most important economic data are released for each of the countries. Make sure you know them or go broke.
Symbol
Country
Time (GMT)
USD
United States
13:30 - 15:00
EUR
Germany
07:00 - 11:00
EUR
France
07:45 - 09:00
EUR
Italy
08:45 - 10:00
JPY
Japan
23:50 - 04:30
GBP
Great Britain
07:00 - 09:30
CHF
Switzerland
06:45 - 10:30
CAD
Canada
12:00 - 13:30
AUD
Australia
22:30 - 00:30
NZD
New Zealand
21:45 - 02:00

To get the comprehensive detail of news and time with simple interpretation and analysis. Visit http://www.dailynews.com/ http://www.forexfactory.com/ or http://www.dailyfx.com/

Abiodun

08050200894

www.forexliteracy.com

Euro Trending

Hi Friends

Before you read I want to ask you if you know this general maxim in forex that says ' trend is your friend' can you see what euro trend has become? Last Friday we said Euro set a new high but does it end there CAPITAL NO! Euro is still trending up till today. I believe great things are about to happen. As a professional trader, I have always be saying that you are not in the market to catch all those pips but work according to your trading plans. Euro trend up today does not mean it will continue. Economic event will tell and force of traders can also play a vital role.

I think its about hitting a resistance and head down for some moment. Work with all your tools, news, bar patterns, pivot point, macd divergence, moving average and many more before you initiate any trade.

See you at the top!

Abiodun Babalola

08050200894

Euro Hits All Time High

Hi

Just imagine what has been happening since Tuesday. One the readers of these articles called on wedsnesday 12th sept, and I told him to place buy on euro. He was reluctant at first but i think he later did. See what happened, the market penetrated R1 and R2 that day. But someting else happen...

The EUR/USD traded to 1.3926 in London this morning, the highest value in its history. The USD has been battered across the board as traders try to determine just how bad things are for the US economy. On Friday, we learned that the US economy lost 4,000 jobs last month. That’s the first negative number in 4 years, which has sent the dollar plunging, and introduced enormous uncertainty in the FX market. More uncertainty surrounds what the Fed will do at its next meeting on Tuesday, and uncertainty breeds volatility—currently, volatility in the USD/JPY is the highest it’s been in over 5 years. What’s going to happen to the US dollar on Tuesday? Can the Fed save the buck? Or the economy? Everyone’s itching to know

This is part of what you gain from us. Can you see what I was was explaining on the chart

Abiodun

08050200894

Forex Tools

Hi Friends
Long Time! It is all about having great fun with the market this day. You are really missing if you are not trading right now because great things are happening in the forex market. Our forex tools and strategies work like magic. We are not saying we don't lose but at lease more wins than lose.
I can i sure you that you will make more money by reading our daily tips. Every new concepts is publised here without reservation.
Together we shall succeed

Abiodun
www.forexliteracy.com
08050200894