Forex 'Trading breakouts on the news "strategy: it is no secret that the influence of important news in the forex is sometimes very large market on the basis of this, the majority of forex traders generally always try to be at the display screens to their door, hoping to get at least some earnings.
But oddly enough, you can not do it practically or who (for various reasons, "no price", "no connection" with the trading terminal, "trade flow is busy" or pending order is triggered, but the market price, which is different at times 30 -50 points of the declared - as a result of the transaction is concluded or at a low Huy movement of all the news - and sometimes this entails for a very big loss for trading in such a way traders) on the basis of this - only a few traders had never still make a profit on navostyah (by accident, or go on a very big tricks and tricks to make a profit. But these tricks in the end anyway suppresses DC (and sometimes not even pay the earnings data, since all these companies are extremely earnings not profitable for a number of reasons, and mainly about such situations, warn the trader at the signing of the contract ...)).
By the same important news in forex are mainly the following economic developments:
1) Changes in the rates of central banks: FOMC, ECB, BoE, Bank of Japan, etc.
2) NFP
3) Announcement of Fed meeting minutes
The rest of the economic events also at times move the forex market, but they basically have a much smaller impact on it, so there is less likelihood that the price will go far in the market.
During these events in the forex market, it is best to use a "breakthrough" strategy. In the forex strategy, we will consider a breakthrough technique that has been designed to give traders the opportunity to profit by trading on the news, when the currency pair "sharply" moving in the same direction due to market reaction to economic news.
