It often happens that you have thrown your orders in the vast expanses of dilling center and are waiting gleefully washing your hands in invisible soap in anticipation of profit, but suddenly the market turns in the opposite direction than you expected, tears all “stop-loss” at a breakneck pace and commits your loss. What happened? After all, you have considered all data of technical and fundamental analysis and opened orders according to all the principles… There is such a factor in the Forex, which from a mathematical point of view can be attributed to the indefinite – it is outlet of the news.

Forex trading takes place against a background of permanently updated news and the response does not force us to wait. When some data is announced, market can go in one direction or another and ‘walk’ for several minutes or even seconds tens, even hundreds of points. The movement begins so strong that you simply do not have time to conclude the right deals, and when there is a standstill, it may be that everything is finished.

What news we can believe, what news can strengthen the trend, or vice versa to deploy it? The main news that can contribute to winning or losing is the news of the U.S. and the EU: Nonfarm Payrolls, Gross Domestic Product, Industrial Production, Average hourly earnings, Consumer Price Index, Producer Price Index, Trade Balance, and Interest Rate Statement.

I advise each trader, prior to bidding, to look calendar of news for the actual week. The most of particularized Forex sites have such a calendar that you may freely use.

I do not play on the news, so I give a description of au fait speculator below.

What have I begun with? I have begun and obtained experience in trading on the news with the setting of pending orders in all directions, and even for several currency pairs. All this led to the inevitable looses. One order was worked, I was not in time to cope with it, it was recoil, the contrary order was worked, and there was a return to its initial position, in the end, a double lesion. Only after some time I have learned to determine the impact of the expected news and put a pending order only in the direction of the trend. Now I only play with a pair of EUR / USD, I have more victories, but the lesions also happen, mainly because of the impetuosity of the market. Good trade on the news occurs not more than once a week, the rest time is routine, setup of orders and waiting, but “the game worth the candle.” Winning in one impetuous gap could reach 60-70 points or more.

So, you can use these recommendations and try to trade on the news.

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