Trade the Number

Project Forex & Brokerage 5BKP24RS6NCR Trade the Number

Traders who use the style / styles of this trading is the trader who do order positions after the News was released.

There are two ways of doing this type of trading.
1. Take a position before the surge (spike) price occurs.
2. Or if the late entry and the spike has occurred, then the other way is to wait for a retrace and then take a position after the visible retrace is completed and the movement began to move in the direction again with the data released.

With the first way a News Traders can take maximum advantage of price spikes that occur.
But this style is not easy to do. We know that only a micro second later after the News was released then the price hikes will occur.
To use this style is needed:

1. The best news service, classmates Bloomberg, Reuters or SecretNewsWeapon, which is certainly not cheap. Minimum $ 750 / month.
2. Fast internet connection. If possible connected to a Network thier International. ISPs who have it rarely. Even so there must be expensive.
Therefore, if you do not have a Forex account worth $ 30,000 (300jt) should not try to be a Trader with this style. Because the cost is likely not quite fit.

There are other weaknesses of this way of trading that is, if there are 2 digits of data released and turned out to both the conflict it is very possible spike that occurs will be distorted and the price goes up and down very quickly like a yo-yo: D Where can we swept Stop Lost.

While this second way, is less promising high profits, but if done properly and the data values ​​in the releases is strong enough then it is likely much higher profit than the first way because the price movements tend to be relatively more stable and calm.