Forex news traders

This five-step process is designed to help forex traders assess market conditions and ensure proper risk management when trading risky but potentially lucrative news and economic reports, writes James Stanley of DailyFX.

Trading news announcements like non-farm payrolls can be dangerous, and anyone going into a news release without fear of how badly an account can be ravaged by volatility should probably avoid doing so, and instead wait for quieter markets.

But, to the trader who always protects their downside, adheres to strong money management, and protects their account by avoiding the number-one mistake forex traders make, news announcements can offer compelling opportunities for a lot of movement in a very short period of time.

Rampant volatility that can typify news releases can deplete a trading account quickly if trades around news events are not handled properly.

To aid the forex trader still deciding on what to examine, Adam Lemon of DailyForex.

How To Trade Forex On News Releases

Even though there are hundreds of courses available to teach the technical aspects of trading, today, Yael W…. Since every month has its own tendency and many forex traders are currently wondering what to expect from currencies du….

Attend and receive expert stock, fund and ETF picks from world renowned financial gurus. FOREX James Stanley Trading Instructor, DailyFX Education. Click to Enlarge Rampant volatility that can typify news releases can deplete a trading account quickly if trades around news events are not handled properly.

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