
There are many trading strategies. Economic news reveals some external factors that influence the market. They can be exploited.
Trading jargon is explained in this lecture.
Economic calendar is a primary tool for news trading. You have to digest important data from it.
With economic release in focus you have to choose which currency pair or financial instrument to trade.
Big price movements can be exploited with the stop method.
The retracement method allows for a more standard type of trading in a volatile market. It make use of waves.
Similar to stop method but needs several clicks less to execute. It is an interesting concept anyway even for other types of strategies.
If the economic news cannot be traded directly at least it may set market conditions for other standard trading methods.
These methods have different efficiencies for different market conditions.
Here are some examples that are a bit strange and you will find more like them in your trading practice.
Let's put it all together.
With this course you will learn a trading strategy in the forex market.
Learn to use economic calendar.
Understand some aspects of market fundamentals
Markets are complex, they appear to be random and incomprehensible. It is not easy to understand even in retrospect what happened with the prices. And yet sometimes you will be able to detect what was the mover. Even more, you can easily find when next important event will be. When it comes it is possible to make profit.
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