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Forex News Trading Strategy: Here's A Consistently Profitable Forex News Trading System!
When a significant forex news event is released such as non-farm payrolls (NFP), CPI or GDP numbers there's often a lot of irrational market movement, resulting in large spikes in the price of the relevant currency pairs.
However, many times this creates a vacuum in price and the initial surge in price often stalls, reverses and starts moving in the opposite direction, and even start trending in that new direction.
As forex traders we can take advantage of this predictable market behaviour by watching for trading opportunities around specific market-moving news events and 'fading the news'.
In fact, that is an often high-probability, profitable NFP forex strategy.
The easiest way to trade the forex news this is by looking up your forex news calendar and making note of the biggest news events coming up in the days ahead. Be sure to make note of what time those news announcements will be released in your local time.
Next we want to formulate a trading plan, including capital allocation, entry and exit points, including stop loss levels. Note: The risk reward ratio must be attractive i.e. risking a small number of pips for the chance to gain a significantly larger number of pips.
In this tutorial video we'll cover a few forex news trading system examples as well as the critical steps to trading these events safely and for a high-probability of profit!
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