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How to Trade Forex on News Winning News Trading Strategy

By on October 12, 2020 0 4 Views
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How to Trade Forex on News Winning News Trading Strategy
KEY TAKEAWAYS
Economic data tends to be one of the most important catalysts for short-term movements in the forex market.
Since the dollar is one side of many currency pairs, U.S. economic releases tend to have the most pronounced impact.
The most common way to trade forex on news is to look for a period of consolidation ahead of a big number and trade the breakout on the back of the number.
A variety of exotic options are available for traders who want to capture a breakout move, but with less volatility than trading the currency pair itself.
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