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Find Out When An Economic News Event Will Be Released
The following tutorial outlines the economic news releases for the week. I find it very helpful because it rates every release in terms of importance on a grading scale of red to yellow. A red denotes very important down to yellow with little significance to the markets. It even lists what the market expects to happen with the briefing.com forecast.

I take the time on the weekend to make a note of the day and hour of the major US news releases scheduled for the next week.

Click Here for the Forex Factory Economic Calendar:

www.forexfactory.com/calendar.php

1. Check the economic Calendar

2. Look at a 30 min or 1 hour chart to see the prevailing major trend.

I always check before I start trading and I write down the support/resistance, trend, trading range, target highs & lows, news release times, etc. on my Daily Trading Sheet, which is provided in the Day Trade Forex Advanced course.

Most often, the economic news release is scheduled for 8:30 AM EST. If you are in a trade at this time, make sure you have your stop loss at a place you are happy with.

The volatility is scary and fast, but if you aren’t already in a trade, you can jump in once you see the major trend, usually after the first 5-15 minutes. Look at a 30 min or 1 hour chart to see the major trend.

IMPORTANT NOTE: Most of the forex brokerages have now stopped guaranteeing their stops during fundamental news release times, as the volatility is so extreme, that the price can often move faster than their servers can keep up with. Thus, please be very aware that getting into and out of a trade when you want, can sometimes be next to impossible. You can possibly encounter several things during news release times: whipsaw of the price, slippage, freezing of the platform, disconnects, re-quotes of price, loss of money, etc. Don’t bother calling up any dealing desk to complain, as they are all now distancing themselves from this problem, and they all have a disclaimer on their websites. It is a buyer-beware type of situation. If you choose to play the news, you have to be aware of it’s risks. The rewards can be very great in just a few minutes, or it can go against you.

Visit our website to learn more:
www.daytradeforex.com/advanced.htm

by Cynthia Macy

Co-Author of The Day Trade forex trading Systems

The three major forex trading ’sessions’ are as follows (all in Eastern Standard Time):

1. New York open 7:00 AM to 4:00 PM
2. Japanese/Australian open 7:00 PM to 3:00 AM
3. London open 3:00 AM to 11:00 AM

** Often, the best times to trade is at the beginning 3-5 hours of the above mentioned opening times, because the major currency pairs tend to move the most in a particular direction. Especially when there are economic news releases.

THE ABSOLUTE BEST TIME TO TRADE IS FROM 7 AM TO 11 AM EST.

The New York and London trading sessions overlap between 7 and 11 am EST. The volatility is much higher and trading opportunities are much more frequent with bigger moves, especially in these four hours.

The currency pair that moves the most during these hours are the Usd/Chf (#1), then the Gbp/Usd, then the Eur/Usd, then the Usd/Jpy.

This is when you can make 30-100 pips trading in just a few minutes or hours, using any of our strategies in any time frame, especially around news releases.

Visit our website to learn more:
www.daytradeforex.com/euro.htm

Author: Cynthia Macy, Co-Author of The Day Trade forex trading Systems

Did you know that more and more business opportunity seekers worldwide are discovering the powerful profit potential of Foreign Exchange trading?

In this business, there are no employees to hire, no advertising, no products to stock, no downlines to fill–just you, an Internet connection and a computer. That’s all you need to make money on the world’s largest market.

If you are searching for an alternative to more traditional home-based business opportunities, then forex trading may be for you. This article will explain what Forex is, the benefits of forex trading and how easy it is to get started.

There are many benefits and advantages to trading Forex. Here are just a few reasons why so many people are choosing this market as a business opportunity….

FOREX FACTS:

There are many benefits and advantages to trading Forex. Here are just a few reasons why so many people are choosing this market as a profitable business opportunity:

1.LEVERAGE: In forex trading, a small margin deposit can control a much larger total contract value.

2.LIQUIDITY: Because the Forex Market is so large, it is also extremely liquid. This means that with a click of a mouse you can instantaneously buy and sell at will. You are never ’stuck’ in a trade.

3.PROFIT IN BOTH ‘RISING’ AND ‘FALLING’ MARKETS: One of the most exciting advantages of FX trading is the ability to generate profits whether a currency pair is ‘up’ or ‘down’. As long as the trader picks the right direction, a potential for profit always exists.

4. 24HR TRADING: Trade on a part-time basis, because you can choose when you want to trade–morning, noon or night.

5.FREE ‘DEMO’ ACCOUNTS, NEWS, CHARTS AND ANALYSIS: Most Online Forex firms offer free ‘Demo’ accounts to practice trading, along with breaking Forex news and charting services.

6.’MINI’ TRADING: One might think that getting started as a currency trader would cost a lot of money. The fact is, it doesn’t. Some Forex firms now offer ‘mini’ trading accounts with a minimum account deposit of only $200 with no commission trading. This makes Forex much more accessible to the average individual, without large, start-up capital.

Visit our websites to learn more:
www.daytrade-forex.com
www.professionalforextradingonline.info

NEW RELEASE!

For News Traders: The Perils, Pitfalls and Rewards Of Trading The U.S. News Releases:

www.daytradeforex.com/tradingthenews.html

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For Advanced forex traders: www.daytradeforex.com/advanced.htm

For Super Advanced forex traders: www.daytradeforex.com/euro.htm

For News Traders: www.daytradeforex.com/tradingthenews.html

The Robot Review Report:
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