FOREX NEWS TRADING

Unlike stock markets, forex markets are open 24/5 except on the weekends. There is a continuous price action all day in the currency markets. Do you know this fact more than 90% of forex traders are speculators?

Currency markets react violently to the release of economic and socio political news. Currency rates can shoot up or down violently for a few minutes to a few hours before the market absorbs the impact of the news.

Fundamental economic news like NFP figures, the housing sales number, FOMC meeting etc all are released at a known time. Google Fundamental News and you will see lots of sites that provide this information.

You can get the day and time when a major economic announcement is going to be made. Non Form Payroll (NFP) figures have become very significant for USD pairs especially after the start of the recession recently.

Non Farm Payroll (NFP) figures are released regularly at 8:30 AM EST on the first Friday of every month. EUR/USD and other USD pairs become very jittery just before the release of these figures. EUR/USD can sometimes shoot up by 50-150 pips in 5-10 minutes just after the release of these figures.

The markets mostly stabilize within a few hours after the release of an important economic news unless the news is of such a fundamental nature to form a new trend in the market.

News release trading is ideal for those traders who like a lot of action within few minutes. Here is one strategy described below that you can use.

Enter both buy and sell orders on for example EUR/USD at 10 pips above and below the price of EUR/USD just five minutes before the announcement of NFP figures.

Place stop loss of 10 pips for both the orders. Place take profit of 40 pips on both orders. When the NFP figures are announced, EUR/USD will either shoot up or down.

Suppose it goes up by 10 pips, buy order will be triggered. Suppose EUR/USD jumps by 60 pips. Your position will be closed at 50 pips when you have reached take profit of 40 pips. Isnt it nice you made 40 pips in a few minutes?

Suppose EUR/USD shoots down. Your sell order will be triggered and you will still make 40 pips. Sometimes the markets have a tendency to whipsaw so be careful. Practice this strategy on your demo account first ten times before going live.

A SOLUTION TO CHANGING FOREX MARKET

The Forex market is supported by Forex trading systems. In fact, without these systems, people who delve into the currency exchange would not be where they are without them. The strange thing is, not one Forex trading system in the market has stayed in the market for along because they were flawed and made mistakes. It is unfortunate that the things supposed to be helping with traders are so susceptible to error.

As a response, the Forex traders looked for a Forex trading system that is highly precise and accurate. Seeing the onset of computers doing jobs for people in the modern world such as manufacturing and selling, they have turned to computing as a solution. With this, they hope to introduce a system which is able to do a lot of tasks minus the error, a possibility that traditional Forex systems cannot reach.

More importantly, what is the solution to this problem? One of the computerized systems that have been produced is the Forex MegaDroid. This is a software that answers the longings of several Forex traders for the longest time. It is a multi-tasking program that can do things such as the most precise moment of entry to execute trade to its automatic closing to gain profit.

In 18 days you can expect a profit of 153%! It is fast and simple to install. The best thing is that it has a simple user interface. People with relatively few experiences with programs could definitely get a lot from that. It makes a lot of profits which means you can make thousands of dollars each day. A highly advanced artificial intelligence in the system can adapt to the many changing market conditions.

The traditional Forex system used cannot adapt to other market conditions because it only has one coded algorithm which can accommodate only one market condition. That is its fatal flaw. It is general knowledge that the market conditions change very frequently so without a doubt these systems cannot live long. They quickly become outdated. Forex trading systems implemented in the past cannot comprehend new market conditions because of the market?s highly complex nature.

The Forex MegaDroid solves this problem. It has an advanced artificial intelligence. This gives it the edge of adaptation. Unlike the traditional Forex trading systems, the Forex MegaDroid does not crumble as it fine tunes itself to the demands of the new market. In every moment, second, and minute of the day, the Forex MegaDroid changes with the fluctuations of the market. It does this automatically and at the same time monitoring the situation to close Forex trade at the exact time to avoid loss. It also has the technology of Reverse Correlated Time And Price Analysis (RCTPA), a very advanced system developed by tis cerators.

A lot of people have been very fortunate with the Forex MegaDroid. For a long time, a lot of traders have been wary of the trading systems because of their fragility. The traditional ones cannot cope up with changes in the market. Many have tried numerous systems only to be disappointed. But those who have been disappointed will be really surprised by the changes done by the Forex MegaDroid whenever it encounters a shift in market conditions. With each use of this new technology, traders are able to quadruple their input.

The Forex MegaDroid is also very accessible. Five steps are only needed. You can have your own copy just by downloading it from the Forex MegaDroid official website. With the purchase of this power software, you will be glad. Be a personal witness to the wonders of the Forex MegaDroid.

EASY FOREX PLATFORM

If you’re just looking in to the world of forex trading, the number of available choices can be daunting. The Easy Forex Trading Platform is a good place to start because the volume of free information available there is staggering! What follows is a brief description of some of the features you’ll find.

Home Page

When you get there, click on the About tab, which gives you some background about the company behind the site. The minimum trade amount is $25, which is lower than a lot of other services. Of course, if you’re just starting, executing a trade is the last thing you should do on your first visit. Do your research and gain a basic understanding of all the risks and rewards before you commit any of your money. Easy Forex doesn’t require you to download any software to your computer and makes the set up very easy.

Glossary

If you’re not an expert, spend a little time browsing through the Glossary. You’ll find the Glossary button at the top of the left side menu. Give it a click and read for a while. Do you, for example, know what “GTC” stands for? It’s in the Glossary.

Financial Calendar

Right near the Glossary button there is a financial calendar tool. It lists the upcoming announcements and reports that are issued on a regular basis and that can be used as indicators for the currency exchange market. It’s very important to get familiar with this schedule and have a general idea of what the report contents mean.

Forex Outlook

The Forex Outlook button displays a high-level summary of the current state of the major world currencies and is posted daily. It covers the USD, Yen, Euro, and others.

Guided Tour

Take the tour. It’s an invaluable learning tool. It walks you through a straightforward example of a trade (USD against the Euro) and shows you all the steps involved in placing the deal. This is just an example, but you can learn a lot from just walking through the steps. The second example takes you through a futures deal - a little more complicated but again, a good learning experience. By the way, at the end of each example, there is an analysis of the possible outcomes, explaining how you would have gained or lost, depending on rate fluctuations.

The Info Center

Be sure to browse through the items in the Info Center part of the menu on the left side of the screen. There’s a Market Overview, a Market History section, and a selection that discusses strategies and risks. You can get a mini-course in the Forex markets in that one section alone.

In summary, the Easy Forex site offers a lot - read and learn, and don’t trade until you know what you’re risking.