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How to Trade the Major Forex News Releases with Resting Orders 💥

By on September 12, 2020 0 87 Views
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Trading the News – How To Trade News Releases
PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! Trading the News with Resting Orders
First a warning; this strategy if it goes wrong it can really be devastating but if you’re managing the risk with small size and you accept and understand the risks it is just like any other strategy out there. This is one way to trade forex on news releases.

How to Trade the Major Forex News Releases with Resting Orders:
Generally when I’m talking about trading the news I’m referring to news such as Non-Farm Payrolls, Interest Rate Announcements…etc – stuff that is categorised as heavy market movers.
When news comes out it normally spikes up, spikes down and then it does something else. This strategy is to take advantage of the period when the market is spiking up and down.
The idea is to fade the levels. So you put a resting short order at the high and a resting buy long order at the low. The idea being that the oscillations is going to get you long or short either way.
Beware that if something very surprising comes out the market could go straight thru your short order and you could be considerably offside but the system could work because such instances are rare and the occurences when the market goes thru your order and comes back are more frequent. This could work for forex or an index for instance.
So where to place the orders. The wider you go the less likely you’re get filled but potentially the bigger the trade if it pings.

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