Part I. Dealing with the News.
Commander in Pips: Today we will start our conversation about news, the importance of news releases and the fact that they are also tradable.
Pipruit: Well, I’ve thought that we’ve discussed that already in the part about Fundamental analysis.
Commander in Pips: Partially you’re right, since fundamental market data becomes news events when it released – but the similarity ends with just that point. There is a specific area of trading on forex that exists which is called “news trading”. You may trade only data releases and do nothing else. Even more, this trading usually takes a very small amount of time – from just before the release moment to some hours after it. Our FPA Forum gives great assistant in this way of trading. I suggest you to read Felix’ posts and to visit the FPA's Daily News Trading Signals that will lead you through the secrets and nuances of this style trading and save you from all unwelcome underwater surprises.
02-06-2012, 06:28 PM #1
Chapter 25, Part I. Dealing with the News.
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