Trading the News

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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/

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