Trade News in Forex & Understand Volatility
Have you ever tried to trade news?
Personally, I have.
This goes back to 2015…
“Why?”, you may ask.
Because that myth is HUGE out there.
News releases happen fast and seeing profits quickly satisfies our brains.
But what if I told you that trading after news releases could be even more profitable than during?
Indeed, trading news has its many challenges:
- Wide & varying spreads
- Ambiguous reaction from the market
- Delay in getting the info (banks & institutions know the results ahead of you)
So I'm not saying it's impossible, but I believe there's a better way to use news.
And recently, I sat down with Chris Weston, Investment Manager at Pepperstone.
I wanted him to tell me and share with you how he's personally using news.
We obviously go over how to trade news and the kind of stuff you can expect from any news release.
You'll also get to learn about volatility…
…and what to do when it's generally high in the Forex market.
I cannot stress enough how important it is to be prepared for all situations.
This is a great episode to listen/watch for that!
What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!
Resource Mentioned
- Open an account with Pepperstone (one of our recommended brokers)
- Chris Weston's DailyFix newsletter
DesireToTRADE's Top Resources
- DesireToTRADE Forex Trader Community (free group!)
- Complete Price Action Strategy Checklist
- One-Page Trading Plan (free template)
- Desire To TRADE Academy
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What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!
PEPPERSTONE DISCLAIMER
The information provided in this presentation reflects the view of the analyst and does not reflect the opinion of Pepperstone. It is generic in nature and for educational purposes only. Pepperstone does not represent that any of the information provided is accurate, current, or complete and you should not rely upon it when making your trading or investment decisions.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.5% of Pepperstone Limited’s retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. (Updated Mar 2020)
‘Pepperstone' means Pepperstone Group Limited and Pepperstone Limited. Pepperstone Group Limited is located at Level 16, Tower One, 727 Collins Street, Melbourne VIC 3008 AUSTRALIA (ACN 147 055 703) and is regulated by ASIC (AFSL 414530).
Pepperstone Limited is registered at 70 Gracechurch St, London, EC3V 0HR UNITED KINGDOM (Company Number 08965105) and is authorized and regulated by the Financial Conduct Authority (FRN 684312).
