faruk replied

176 weeks ago

You must be thinking of Non-Farm Pay Roll which happens on the first Friday of each month. Other than that, there major news events that happen on the remaining week days as well. If you want to see, you can visit Forex Factory
.

yrthrth replied

176 weeks ago

One of the great advantages of trading currencies is that the forex market is open 24 hours a day, five days a week (from Sunday, 5 p.m. until Friday, 4 p.m. ET). … This is particularly true in the currency market, which responds not only to U.S. economic numbers, but also to news from around the world.

fbfg replied

176 weeks ago

Traders gravitate towards this strategy when the data to be released is anticipated to be in line with expectations. Data that comes out in line with expectations generally reduces the impact of the release and reduces the potential of the news to disrupt the existing trend.

yrthrth replied

176 weeks ago

With this strategy, traders have the opportunity of entering at the start of an accelerating trend in order to capitalize on as much of the advancing market as possible.

faruk replied

176 weeks ago

The pre-release calm strategy is of a shorter time frame when compared to the pre-release trend strategy, as you enter and exit before the news is released. Since nobody knows for sure what the data is going to show, this strategy suits the more risk averse trader – being in and out of the trade before the data has the opportunity to move the markets in an unfavorable way.

fbfg replied

176 weeks ago

When the market is volatile in the lead up to the release, the above strategies are no longer viable. This underscores the importance of analysing the market before adopting a strategy. In this scenario it may be better for traders to monitor the market after the release, once the market has shown its hand and picked a direction or range to trade in. Learn how to trade forex after the news release.

faruk replied

176 weeks ago

Forex trading is probably one of the most profitable sides hustles you can grab today. In fact, if it wasn’t so profitable we wouldn’t be having more than $5 trillion daily traded value. But that’s beside the point. I’m pretty sure you want to find out how much you can expect from about a week or a month of trading Forex.

Well, it’s not that easy to answer the question so let me bring in a story for you.

Meet Nathan. Nathan is a father of two and has a stable job as an accountant in New York. He’s relatively successful and is able to bring in about $100,000 a year as income for his family.



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