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FOREX Trade the news …..What are the Odds? “Trade Canadian Net Change in Employment and Unemployment Rate - M o M - News Reports” (FOREX Trade the news..... What are the Odds? Book 9)
Currency trading can be very stressing, especially for the “newbie”, and at times for the experienced trader.
Most experienced traders warn against trading during important news releases, which is good advice if there is no real plan available upon which to rely on. A good plan in FOREX trading is very important no matter the system in use.
Stop and think about it - no matter which trading system you use, you calculate the “odds”, and trade accordingly.
Important news releases affect the country releasing that information - it could be either good or bad for the economy - either way, it will affect the value of that currency against another currency.
Majority of money traders holding currency that loses value, will attempt to trade that currency into a more valuable currency - just human nature, The opposite applies if the currency goes up in value against another currency.
Knowing the nature of the market and your broker when important news reports are released is an advantage which can beneficial.
Two of the more important news releases to keep an eye on are the “Canadian Net Change in Employment and Unemployment Rate - M o M - News Reports”.
This e-book will show a brief history and how to set up and trade these important Canadian news reports according to the “odds”.