Best Forex Economic News Trading Strategy 2021

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Forex Economic News Trading Strategy

Too many scalper traders like to trade with forex news. Many Forex traders place their trades With Foreign Exchange Market News. Here is all about News Trading and a Profitable Forex Economic News Trading Strategy made by Fuel Forex.

Forex Economic News Trading Strategy

In this post, you will learn about,

  • What is News Trading
  • The Different Between Fundamental Trading and The News Trading
  • Why we should Trade with the news?
  • Why Traders Avoid Trade with News?
  • What is the best site for news trading?
  • What is the Best app for News trading?
  • Choose a Broker To Trade Fundamental News.
  • How to Trade Forex Fundamental News?
  • Forex EZ Trading News Strategy Explained.
Forex Economic News Trading Strategy

We think now you know about the Four types of traders in the currency exchange trading market. And you have understood that news traders are Scalpers. Scalpers do trade to get a few pips within a few minutes. The News Scalper gets into the Market when Big News comes up. 

What is News Trading?

What is News Trading?

      Simply, Trading currencies In Foreign Exchange Market with Economic events is News Trading. Traders can do this job easily by using the economic calendar, currency strength, current inflation, and price charts.

The Different Between Fundamental Trading and The News Trading

Don’t imagine fundamental trading the same as news trading. When news comes, and we trade with current news results, that is news trading.

Also, fundamental trading means we trade with that long effect on a bunch of News using past and current news results.

When we do news trading, we are focused on just one news. But on fundamental trading, we need to focus on all past and upcoming news events. We need to compare all those news, including other Political and Geopolitical results.

The Different Between Fundamental Trading and The News Trading

The Different Between Fundamental Trading and The News Trading

Why we Should Trade With Economic News?


Traders can get a big profit within a few seconds while they do news trading. Because the market moves actively when reliable news release times. That is why we should trade the news. The market price moves too fast while strong news comes up.

The news trading is indeed too risky. But it is not a big matter if you know how to trade on news. Read down. We are going to give you the best forex economic news trading strategy to trade currencies online.

 

Why Traders Avoid Trade with Economic News?

Many bankers Do trade when big news-times. Also small traders like you and me. So bankers trying to hunt the Stop Losses of small traders. Brokers use Spread and slippage to hunt stop the loss of small traders.

This is the reason why some traders avoid trade with economic news.

A good Stop loss can help small traders to avoid hunting and save the trading account from bad trades. That is why it is important to Place a Good Stop Loss in your Trade.

What is the Best Site for News Trading?


What is the Best Site for News Trading?

Many different sites you can be found on the internet to get economic data and news releases. This Question is changing to News Traders and Non-News Traders. If you are going for Economic News Trading Strategy then this is the best option for you.

Non-news Traders, Who avoid the news, medium, and long term traders can use Any site, that provides the data with some delay. But, news traders need on-time data on the news releases. Because, if a trader is late to get the news, then sometimes he cannot achieve his targets.

According to our vision, The Ransquak “also known as Newsquauk” is the best site that provides you with Economic data on time. And this is the most popular site that uses many professional Traders.


What is The Best Economic News Trading App?


We have researched an app that provides you the same service as the Newsquwark site. And Finally, We able to find an app that you can get your computer and mobile device. This is another important forex trading app for this Forex Economic News Trading Strategy.

The data Flash app is the best news trading app in the last few years. They offers you 14 days of the trial period. Get register and try their service. This is the cheapest way to get information as a News Trader.

Choose a Broker To Trade Fundamental News.

In my Forex Trading for Beginners post, I mentioned the broker. You must choose a True ECN broker, Which offers instant Execution.  Also, with Fix Spread account with no Slippage. Using that accounts, you can place your trade instantly without getting late.  

How to Trade using Forex Fundamental News?

How to Trade Forex Fundamental News?

      Every time you go to trade Forex with Fundamental News Events, You need to remember Few things. Ask these questions yourself.

  • What is the current status of the Currency?
  • Will Big Players Trade with this news?
  • Can I Get Reward more than Risk?

If you can work nicely, then you can get more benefits from our Economic News Trading Strategy


What is the Current Status?

     You must Find out about the behavior of the currency that you going to trade.     The currency that you going to buy stays at an undervalued price. Also, Selling Currency stays in an overvalued place.  

Will Big Players Trade with This News?

Will Big Players Trade with this News?

          Here is the Question, most people don’t like to talk about. And this is the Bad Truth. I know you cannot get the right answer to this question. Because, never, a small trader can answer this question. That’s why I tell you the risk of Forex.

If you found an answer to the first question, then you can get some ideas for your Second Answer. I will explain it under the Fuel Forex Economic News Trading Strategy topic.    

Can I get a Reward, More than Risk?

Can i get Reward, More than Risk?

       The most important thing is this. This topic will depend on the accuracy of your trading Strategy.

If you can win more than 60% with your strategy, then it is profitable if you place a trade with a 1:1 Risk Reward ratio.


Fuel Forex Economic News Trading Strategy Explained

Forex EZ Trading News Strategy Explained

   The main things are We need to focus on inflation targets, support and resistance levels, and currency strength. If you are new to this blog, read support and resistance posts. And learn how to trade with the support and resistance part too. I have to give you a blog post to find currency strength manually.


   I told you from my old Fundamental analysis post, The Fundamental Trading and The News Trading are Different. And I clarified it. Try to Play this Little Game on your Demo Account for trade with Economic News Trading Strategy.


   Here’s a little bit of fun. The story is this. When big news comes like jobless claims, non-farm payroll, or average hourly earnings, we can use this trading strategy for quick trades.

Economic News Trading Strategy also has logic. Old buyers and sellers closing their trades, and new buyers and sellers are opening their new trades. These all things happen on support and resistance levels and currency strength.

 How to Ready for News Trading?

How to Ready for News Trading?

    Get ready before a minimum of 10 minutes before a current news release. If you are going to trade on United States Dollar news, first of all, you need to focus on currency strength, Support and resistance levels, and inflation targets on us dollar currency.

The Currency Strength to Trade with News.

You can find Currency Strength from this website link. livecharts.co.uk/currency-strength.php. 

The Currency Strength to Trade with News.

  Try to use the 15 minutes to 1 Hour timeframes to draw support and resistance levels.

Find currency strength and keep the strongest and weakest currency pairs on your platform.    

How To Choose Best Currency Pair for Economic News Trading Strategy?

 

How To Choose Best Currency Pair To Trade with News?

       For example, 

you are going to trade on united states dollar news, and at that time, EURO Currency is Weakest, and the Japanese Yen is Strongest, then you need to keep EURO/USD and USD/JPY charts on your platform.

This Economic News Trading Strategy is the most powerful technique if you can trade like a pro.  

The Concept of the Fuel Forex Economic News Trading Strategy.

Forex EZ News Trading Strategy.

For example:-  The United States Dollar, and the final News result,  

  • If the United States already Completed its inflation targets, and If the United States News Was Strong. Then the news effect will give you more big money when buying the dollar against the weakest currency?

  You Can buy EUR/USD currency pairs with this Economic News Trading Strategy.  

  • If the united states were completed their inflation targets, and if the actual news results are weak. Then, the news effect will give you a little bit of money when buying the dollar against the weakest currency.

  It’s good to leave the USD/JPY buying trade. You must place your stop loss below the Support and Resistance zone.

  • If the united states are unable to complete their inflation targets, and if the actual news result is Strong. Then, the news effect will give you a little bit of money when selling the dollar against the weakest currency.

It’s good to leave EUR/USD buying trade using Economic News Trading Strategy.  

  • If the united states are unable to complete their inflation targets, and if the actual news result is Weak. Then, the news effect will give you a significant amount of money when selling the dollar against the weakest currency.

You Can buy USD/JPY Currency Pairs. You must place your stop loss below the Support and Resistance zone.

Do not place any pending order like a gambler. Do trade using the right tools like a Businessman.

Do you like to trade with this Economic News Trading Strategy? Comment your thoughts on this post in the comment section.

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