Saturday, March 24, 2007

TRADE THE NEWS


Here is a great example of how you can use the 1 minute charts to trade the
economic news releases. To find out when the world economic news releases
are, simply go to http://www.forexnews.com and scroll down to the bottom of the
website for the list of the current week news releases that impact the Forex
markets. In the above example, the economic news release was scheduled for
8:30 AM EST. At 8:33 the price jumped up 20 pips. Using our 1 minute
strategy along with the news, is an effective way of scalping profits on the FX
markets.

**Tip: Remember to wait a minute or two after the announcement. Don't open a
position before the scheduled time!
**Tip: There are news releases all throughout the week during the different time
zones and trading sessions. This technique works well during overnight trading
EST during the European and London sessions.