Forex Tips : Don't Mess with Forex News

Forex news mostly give impact on those associate with USD currency pairs, such as GBP/USD, EUR/USD, AUD/USD and so on... I have come across with the internet resources, but I would like to group it into three (3)category.
 

Category A (Don't Ever Touch-skip that day)
Category B (Close your open trade 2 hours before)
Category C (Close your open trade 1 hour before the news).

 

Category A

Non-Farm Payroll report


Category B

Interest Rates (FOMC rate decisions)

Trade Balance

 

 

Category C

Current Account Balance

Treasury Inflow Capital (TIC) Data

GDP (Gross Domestic Product) report

FOMC Meeting Minutes

Retail Sales

Inflation CPI (Consumer Price Index)

Durable Goods Order

ISM (Institute for Supply Management)

Producer Price Index (PPI)


You may look for the explanation of these economic Indicators below:

http://en.easy-forex.com/us/EconomicIndicators.aspx

 

The question is, is it the forex news, only the time you could make more money?
 

Is it the More Risk = More Reward? or the More Experience = More Reward?

 

There is one fact that you could ignore Forex News if you are playing time frame H4, D1, W1 which normally based on technical indicators. You may even ignore news if you play time frame M1, M5, M15, M30, H1 if you have done your study well to exclude news release time and simply based on technical indicators.

 

News Trading is simply a pending order, where you know which level you would place your order and place the target profit at the same time before the news is announced. It is a matter of 1 seconds, or 1 minute the longest, once the news is announced. Their study method is only include news release date, and time. As we know technical indicators is for continuous trading, does not fit with 1 seconds or 1 minute trades.

 

Those who think they are playing news trading, is waiting for the news to move, hopefully when it moves, they can see the direction clearer. However, they might not have entered at the good position since it has already moved. It depends how fast they could catch the lowest or the highest point of the price for entering.


All news can be found at http://www.forexfactory.com
 

A sample is given below:- click to enlarge