Saturday, May 8, 2010

Forex education : Trading on news

The more I learn forex, the more I gain. I learned about trading forex based on news this weekends.

Before the news publication we place two orders: one buy stop and one sell stop. It is because usually after a news release eg
    USD Unemployment Rate (APR)
    USD Change in Non-Farm Payrolls (APR)
    EUR German Industrial Production n.s.a. and w.d.a. (YoY) (MAR) 
the price will move deeply

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