Article by Lorant Rogers

It can be hard to keep up with fast forex news. Institutional investors typically have an advantage over retail investors because they pay for better news services which can be several seconds quicker than news provided from retail web sites. It can be hard to trade on forex news events as the market can swing one way and then swing the other. <h3>Here are some of the news items that can move the market.</h3>

Consumer Price Index – Rising inflation rates mean increased interest ratesPurchasing Price Index – A leading indicator on manuafacturing activityBalance Of Trade – A large trade deficit is bad for a currencyGDP – What is the current growth rateNFP – Non Farm Payrolls – What is the current employment picture like<h3>Listed below are some strategies for trading fast forex news</h3><dl><dt>Predict The News Item</dt><dd>Take a position before the news item comes out. You need to take into account the current estimates with regard to the news item. You can either send a market order or a limit order to initiate the trade. You should be careful to set both the stop price for any loss and a limit order for taking any potential profit. Prices can swing violently around when the news item comes out. It is important that you both take a profit and also limit any loss at a particular time.</dd>Prices typically tend to follow in the direction of the original price move. You should place an order below or above the consolidation level (whichever way you think the market will move). Once the order is triggered you should set the stop / loss level as the height of the original consolidation pattern.</dl>It is important to try and demo trade any of the above strategies before going live. What Big Breaking Forex News Moves the MarketHow Breaking Forex News Can Move MarketsHow Breaking Forex News Can Move Markets