1 Minute Forex News Trading Strategy-Learn How to Trade Forex Currency News
Hello Traders,
The 1 minute forex news trading strategy is another strategy where you can use to trade currency news.
Every month, the currency market has market moving news the are announced from interest rate decisions, to non-farm payroll to employment rates etc.
When these news come out with their figures or numbers, the currency market responds to these so if you like to trade news announcement, you may like to try this strategy.
Timeframes: 1 minute ( but you can also use 5minutes and 15 minutes as well)
Currency Pairs: EURUSD, GBPUSD, USDJPY, AUDUSD, NZDUSD, USDCHF
Forex Indicators: None required
BACKGROUND FOR THIS TRADING STRATEGY
With this news trading strategy, you wait until the news is announced and see what the figures are. You let the initial market reaction take its course but you are looking for a signal to enter when the marketreverses temporarily allowing you to get a good entry.
For example, the Reserve bank of Australia announces an interest rate increase from 3 to 3.25 %
The reaction to this type of news will see the Australian dollar increasing in hundreds of pips in minutes.
But with this system, you are not jumping in the initial rush. You also do not trade the breakouts. You just wait for the price to settle down a bit and that’s when you enter.
Where to get the forex news and dates they are scheduled to be released? Over at forexfactory.
Hello Traders,
The 1 minute forex news trading strategy is another strategy where you can use to trade currency news.
Every month, the currency market has market moving news the are announced from interest rate decisions, to non-farm payroll to employment rates etc.
When these news come out with their figures or numbers, the currency market responds to these so if you like to trade news announcement, you may like to try this strategy.
Timeframes: 1 minute ( but you can also use 5minutes and 15 minutes as well)
Currency Pairs: EURUSD, GBPUSD, USDJPY, AUDUSD, NZDUSD, USDCHF
Forex Indicators: None required
BACKGROUND FOR THIS TRADING STRATEGY
With this news trading strategy, you wait until the news is announced and see what the figures are. You let the initial market reaction take its course but you are looking for a signal to enter when the marketreverses temporarily allowing you to get a good entry.
For example, the Reserve bank of Australia announces an interest rate increase from 3 to 3.25 %
The reaction to this type of news will see the Australian dollar increasing in hundreds of pips in minutes.
But with this system, you are not jumping in the initial rush. You also do not trade the breakouts. You just wait for the price to settle down a bit and that’s when you enter.
Where to get the forex news and dates they are scheduled to be released? Over at forexfactory.
