What's On

  • Written by News Company


News trading is one of the most difficult tasks for the traders. Many novice Aussie traders have blown their account during the event of the major news release. Those who are completely new to this trading profession might not understand how this market works. But without understanding the complex price movement of the financial instrument it will be really tough for you to make a profit. There are few things which can drive the price of a certain asset. Among the news is considered to the most crucial price driving catalyst of the Forex market. Today we will learn how to trade the high impact news just like the expert traders.

The severity of the news

First of all, you have to understand the severity of the news. Every day hundreds of news are being released but not all of them are affecting the price movement of the currency market. As a Forex trader, you need to focus on the high impact news like NFP or interest rate decision. During such news release the long-term prevailing trend of the market can even get changed without any notice. On the other hand news like unemployment data, GDP also creates short-term market volatility. As a new investor, you must stay in the sideline line during such news release. First of all, try to understand the reaction of the market to this news.

Mark the key trading levels

Prior to the high impact news release, you have to mark the key points of the market. The novice traders always say they have done all the hard work yet they are losing money. To be honest they are just trading the market based on their technical data. They never really do any fundamental analysis. But if you do the fundamental analysis, you will notice the market is respecting the key levels. As a new investor, mark down all the potential trading spot. Never trade the market without having any precise spot. When you analyze the key support and resistance level, use the higher time frame chart.

Chart pattern trading

Chart pattern trading is one of the easiest ways to catch the large market movements. But the traders in the CFD trading industry often say when the market will breakout from its ranging rhythm. This is where you need to focus on the high impact news. Most of the time the major breakout of a certain chart pattern occurs during high impact news release. For instance, if you spot any head and shoulder chart pattern in any currency pair, you will be surprised to see price will trade near the neckline during the event of a major announcement. This clearly suggests the price is ready to go down and the news will act as a major catalyst.

Use of multiple time frame analysis

Multiple time frame analysis is another best way to trade the live assets. Once you understand the proper way to do the multiple time frame analysis, you feel a sudden change in you. To be honest you will be able to filter out the bad trades regardless of the conditions of the market. Things are not as easy as anew traders. When you study the different time frame data, focus on the higher time. Ask yourself whether you higher time frame setup is favoring the fundamental factors of the market. If YES take the trade if NO ignore the trade setup. Never trade the market without doing any perfect analysis.

Everything counts when it comes to news trading. You have to understand you are trading the most volatile conditions of the market. So if you take the risk to earn more money, you might lose a huge amount of money. Ask yourself whether you can truly deal with your emotions. Following proper money management and trading the market with discipline is the only way to become a successful trader.

About Australia

The Impact of Lifestyle Choices on Bone Cancer Risk

Bone cancer is a type of cancer that occurs when abnormal cells grow uncontrollably in the bone ti...

The Charismatic Charcoal of Curved Creations: A Tale of Black Door Handles

A dim illumination came from a home with a black door as the sun sank over the peaceful neighbourhoo...

The Wide-Ranging Benefits of Complete Sourcing Solutions

In today’s business environment, sourcing products and materials is an essential aspect of any suc...

Experience the Ultimate Luxury Living at Silom Serviced Apartments

Silom is a bustling business and entertainment district in Bangkok, Thailand, located in the central...

Advanced Surf Wax Techniques for Experienced Surfers

Surf wax is an essential item for any surfer since it provides a tight grip on the board and keeps...

6 Reasons Why Tencel Fabric is Ideal for Athletes and Outdoor Enthusiasts

Consumers are becoming more aware of the environmental impact of their decisions in today's world...

Finding Meaning: A Guide to Having More Variety in Your Life

Do you feel as though you have few interests or hobbies outside of work? If you have no variety ...

Fun and Educational Puppet Animal Adventures

Puppet animals are a great way to bring a little extra fun to any event or celebration. They com...

Transform Your Smile with Invisalign - The Clear Choice for Braces

Feeling unpleasant with your smile can have a far-ranging unfavourable impact on your everyday l...

Securing Your Property with Sliding Shutter Doors and External Shutter Suppliers: The Ultimate Guide

If you're looking for a secure and stylish solution to protect your property, look no further th...

The Perfect Pie Every Time: A Guide To Using A Commercial Pie Oven

When baking pies, having the right equipment is critical to achieving the perfect crust and deli...

Take a Sweet Tour of the Best Chocolate Shops

Welcome to the world of chocolate shops! Whether you’re a fan of sweet, creamy milk chocolates, da...

Hot Travel News

A guide to choosing the right dinnerware

Everyone loves to go to a fine dining restaurant to have a nice dinner, but what is the reason tha...

7 Vital Elements to Prepare for Your First Portfolio Photoshoot

If you are building a career as a professional photographer, among the essential investments to ...

4 First Aid Skills to Teach Your Children

You may be under the impression that there’s a minimum age requirement before you can start teac...

3 Practical Tips for Renovating Your Home Without the Stress

So, you’ve finally decided to give your home a complete makeover. But the question is, are you rea...

Dental Health Care - Differences Between Sweden and Australia

When it comes to health care, some countries, like the United States, still rely on private sector...

The simple way to trade the high impact news

News trading is one of the most difficult tasks for the traders. Many novice Aussie traders have b...

Road Trips Create Unforgettable Memories – Make Sure They’re Good Memories by Following This Simple Car Checklist

Some of the best memories are made during road trips. It’s when we understand the sheer wisdom beh...

Trading attitude change over time

Do you know that your trading attitude will change over the course of time? You will first trade t...

Beat Bridezilla Stress With These Wedding Planning Tips

No formerly sane woman wants to transform into a stressed-out, snappy, infamous bridezilla in the le...

Why the US dollar is used in maximum forex transactions?

Traders who are trading in the market use many different types of currency pairs in Forex. There are...

Going on Holiday on a Budget

Like many people, you probably daydream about taking a holiday while going through the same routine ...

Preparing for Your Australia Trip By Getting in Peak Shape

Getting ready for your upcoming trip to Australia? In between the plane tickets, hotel reservations...

Park Hyatt Melbourne Launch The Winter Edition

This winter, escape the cold and visit Park Hyatt Melbourne for the ultimate night in. Located in t...

How Local Businesses Can Profit from the Cruise Ship Boom

Cruising is a lucrative, growing industry with most of the cash filling the pockets of big players -...

Matilda Joins Melbourne's Show-Stopping Theatre Line Up

Visitors will be flocking to Melbourne over the coming months as a show-stopping line up of musicals...