
Many forex traders base their trades on technical indicators from a price chart. Another way you can make money with forex is to base your trades on the actual news and current events.
With this type of trading,
News Trading, you don't have to rely on technical indicators, but instead you follow the news reports, which are released daily. Or you can incorporate both into your trading strategy.
But why
News Trading?
Again and again you'll see currency pairs move 50 to 100 pips within minutes or even seconds after a major news release. These releases often incite short-term moves in the market, providing great trading opportunities for breakout traders.
Yes, it can be risky, but isn't that what forex is all about - taking risks?
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