Now let’s say that the actual unemployment rate is released and as expected, it reports 9. As a retail trader, you see this and think “Okay, this is bad news for the U. ” However, when you go to your trading platform to start selling the dollar, you see that the markets aren’t exactly moving in the direction you thought it would.
This is because the big players have already adjusted their positions way before the mgrid ea forex factory news report even came out and may now be taking profits after the run-up to the news event. Now let’s revisit this example, but this time, imagine that the actual report released an unemployment rate of 8. The market players thought the unemployment rate would rise to 9.
0% online how trading forex money to earn because of the consensus, but instead, the report showed that the rate actually decreased, showing strength for the dollar. What you would see on your charts would be a huge dollar rally across the board how to earn money online forex trading because the big market players didn’t expect this to happen.
How to earn money online forex trading Index in this.Now that the report is released and it says something totally different from what they had anticipated, they are all trying to adjust their positions as fast as possible. The only difference how to earn money online would forex trading be that instead of the dollar rallying, it would drop like a rock! 0% unemployment rate, the big players would how to earn money sell online forex trading off more of their dollars because the U. looks a lot weaker now how to earn money online forex trading than when the forecasts were first released. It’s important to keep track of the market consensus and the actual numbers , you can better gauge which news reports will actually cause the market to move and how to earn money online forex trading in what direction. A more common news how to earn money online forex trading trading strategy is the non-directional bias approach. This method disregards a directional bias and simply plays on the fact that a big news report will create a big move. It doesn’t matter which way the forex market moves. What this means is that once the market moves in either direction, you have a plan in place how to earn money online forex trading to enter that trade. You don’t have how to earn money online forex trading any bias as to whether the price will go up or down, hence the how to earn money online forex trading name non-directional bias.
Tools like the hard drawdown meant to keep the help you in customizing the charts depending on market conditions etc. And get how to earn money online forex trading followers of your own and eATree Expert markets) you want your system to trade When you want.How to earn money online forex trading And.
The simple answer how to earn money online forex trading to that question is “To make more how to earn money online forex trading money!
” But in all seriousness, as we learned in the previous bank scalper ea lesson, the news is a very important part of the forex market because news has the potential to make the market move! The fact that you know the market will most likely move somewhere makes it an opportunity definitely worth looking at. Your goal then, as a news trader, is to get on the correct side of the move. As with any trading strategy, there are always possible dangers that you should be aware of. Because the forex market how to earn is money online forex trading very volatile during important news events, many forex brokers WIDEN the spread during these times. This increases trading costs and could hurt your bottom line. You could also get “locked out” which means that how to earn money online forex trading your trade could be executed at the right time but may not show up in your trading platform for a few minutes.