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Start Forex Trading

Reminder: The stages below are only for bank rate announcements and are not applicable to any other high impact news such as minutes from meetings, speakers, reports and surveys. These data are more complex and more analysis will be needed. Some people might benefit from an online forex trading course for beginners or you can get a 'feel' for them trading these news from many months of serious paper trading.

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Start Forex Trading

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  1. Stages of Non-Confused Market Reactions during News Events • Everyone says to trade with the trend and or with the news where the big moves happen. However, even after doing your analysis and your research, the inexperienced traders get shredded by a tidal wave of price movement without learning these important stages. http://www.realfxtradingonline.com

  2. Start Forex trading • If you want to start forex trading with a news event, it's good to know the psychological understanding behind these stages too. Let's focus first on the Non-confused Market. This is primarily a numbers game. Any interest rate announcements will move the market hundreds of pips regardless of the channel, trend, and short term support and resistance lines. http://www.realfxtradingonline.com

  3. Online Forex Trading Course for Beginners • Reminder: The stages below are only for bank rate announcements and are not applicable to any other high impact news such as minutes from meetings, speakers, reports and surveys. These data are more complex and more analysis will be needed. Some people might benefit from an online forex trading course for beginners or you can get a 'feel' for them trading these news from many months of serious paper trading. http://www.realfxtradingonline.com

  4. Stage I: The Preparation • This happens when technical analysts play as hard as they can, hours before a news announcement. When you have technical setups in the European session, they sometimes want to squeeze in some profits before the main event from the NY session. After all, the volume is already up and they want to break even or lock in profits before the news. That way, they would not need to set a wide stop loss. http://www.realfxtradingonline.com

  5. Stage II: The Hush • The market just holds its breath. This results in a very narrow Bollinger band or you can also see the price as it lingers out of the trend line resulting in corrections before continuing the move. You need not analyze anything at this stage. Scalpers and indicator based traders stay away roughly 1 hour right before a major news announcement...more if the announcement is expected to be very important like ECB interest rates for example. http://www.realfxtradingonline.com

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