DislikedDoes Forex News Trading Really Work? Jarrat Davis explains why price sometimes moves in the opposite direction to what a news release suggests. Who is he??? Verified and Ranked by Barclays Investment database as the worlds 2nd best performing trader for the past 4 years in a row!! so he might know what he is talking about. http://youtu.be/u5ms3ZwhhdY Also provides FREE trading signals here http://www.forexpeacearmy.com/forex-...ading-signals/Ignored
Just got around to watching this video. So, the advice when news trading is to look deeper into the news release to discover things that could move the currency in a different direction to what is expected. So you get the economic release and you have a little read, then you look at the chart, oops, it's already moved 100 pips. What I suspect is happening, is that people who pay for early news data, get wind of the extra detail and pile in, leaving everyone else on the wrong side of the trade.
Using the 'news gun' on forexpeacearmy is my preferred method.