As the name implies, forex news trading strategy is a trading strategy which based on fundamental analysis and trying to take any chance in forex market when data and news are released. We know that every day there is a series of data and news related to the financial market. Economic data released by government agencies as well as from research institutes. Meanwhile the news related to the market has a broader scope as the news is not only economic news but also includes political world that either directly or indirectly, will give an impact on price movements in the market.
Each data and news will certainly provide opportunities and risks related to any investments and trading. For many market participants, these are certainly not going to be wasted just like that. For savvy market players, like you are, every moment of market dynamics can be exploited for trading and business purposes, including the moments when any data and news released. Forex trading news strategy is developed based on this logic.
The main thing you need to master if you intend to trade with forex trading news strategy is fundamental analysis. This is a must for you. How can you predict the direction of price movement when an warta ekonomi data released if you have absolutely no idea what exactly is the data? Moreover when you also do not have experience on the impact of this data upon market movements. Without an adequate understanding of fundamental analysis, if you still insist to trade when a big data is released, most likely you will suffer losses, unless the goddess Fortuna is with you.
I am sure that you are a smart investor or trader and determined to succeed in your trading and you will study all the data and news related to the market, analyze them and then estimate the impact on the market. You can learn a lot about it all. Luckily, in this information age we have more easy access to a variety of necessary knowledge that will be useful for us in applying the forex trading news strategy successfully.
Within one month of trading there are some important data and news that provide opportunities in the forex market and if you’ve mastered forex trading news strategy, the chance is you will be able to take advantage of these opportunities. Important data such as the Non-farm Payroll and FOMC reports are golden opportunities that certainly you don’t want to miss. You should have an economic data calendar, make a note about the time of upcoming economic and political events of certain countries, especially G7 countries.