This article will be useful for novices of Forex market, which just start their way in commerce, and for veteran traders who want to improve their skill level. The information presented below is no idle fiction of the author, but the real Forex trading strategy, allowing obtaining good and steady income. Trading on the news can be one of the most successful strategies for working in the foreign exchange market, allowing saving a lot the time spent at the monitor screen and nerves.

Look at the beginning the prerequisites of this Forex trading system. Many factors impact the exchange rates, one of which is the economic situation of the state, in circulation of which there is a currency. I.e. this is fundamental indicators (unemployment, inflation, GDP, etc.), which determine the level of economic development. Statistical data reflecting the essence of fundamental indicators is announced at regular intervals and move increasingly Forex market in one direction or another. Moreover, we know in advance the time when statistical data is announced. A trading strategy on the news allows you to use at your benefit the output of the data.

Let’s determine, first of all, what data has a significant impact on the market, and what does not. It’s not hard. In world trade practice it has set a list of statistical indicators that have a significant influence on the dynamics of exchange rates. Try to list the basic of them. Firstly, this is solutions of central banks about interest rate. In the second place, this is the rate of inflation. Third, GDP and industry. Fourth, the parameter of business activity. Alone we can put the jobs outside of agriculture in the U.S. that surprisingly move the market. And finally, it should be noted actions of different financial officers of some country.

For clarity of this Forex trading system we move to the practical part of our facilitate the success in trade. Suggest we are waiting for release of data on U.S. 16 30. So, I distinguish the next stages of trade.

The first stage – is the time interval of up to 16:30 o’clock. It can be very time-consuming and depends on a lot of factors: firstly, on the importance of news in the specified time, and secondly, on analysts’ predictions about the statistics announced in 16:30, and thirdly, on the expectations of traders, etc. If everyone is expecting for bad data, the dollar will be under some pressure and will be lowered for a certain period of time. It is appropriate to open against the dollar in advance and earn money on the expectation of bad news. We are expecting for good data – we buy U.S. Dollars.

The second stage – 20 minutes – 30 before announcement of the data. I advise to start with approximately 16:00 in our case. This is a period of closing of early opened positions and different orders. If you have weak nerves and in moments of stress it is hard for you to cope with them, I strongly recommend you to close your position, relax and enjoy the frenzied movement.

Currently people are looking for additional or even primary sources of income as never. World economy is still in tough condition, and to get a well-paid job is quite hard. And forex is one of the ways to make some money. To trade successfully one needs to know events on the market, so forex news is of great help here. Those who don’t know where to receive fx news can make use of the online network. Just type “forex news trading“, for example, in Google or other search engine and you will get many news sources to choose from.