Thursday, 12 May 2016

HOW TO TRADE NEWS IN THE FOREX MARKET




Economic fundamentals are the prime movers of the markets.
 
"The First thing a trader should do in the morning is to look up for the fundamentals of the day as follows:-

{A} (i)  Go to the most universally utilised website as regards news trading https://instaforex.com.ng/ (scroll down the page and you will find the ECONOMIC CALENDAR for the day's news) or www.forexfactory.com.
    (ii) Know your time zone; for Nigeria is GMT+1


{B} (i) By the time of the News release for instance 12.00, Please ensure that you are on your trading platform prior to the time (i.e. before the time of the news release).
   
(ii) The reason for being by your trading platform prior to the time of the news release is to be able to pend your trades in order to catch the moves either up or down.
 
 (iii) At instaforex.com.ng this is well taught by filtering all the relevant news in order to highlight the most volatile of them all.
   
(iv) Free notifications via SMS are dispatched to Forex traders who opened Live Trading Account through InstaForex Nigeria Office to enable them trade all highly volatile Forex News accordingly.

for more details on mechanics of news trading kindly visit website on https://instaforex.com.ng/


   
PAUL ODIBELI
Chief Analyst
InstaForex Nigeria

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