News trading is one of the easiest ways to catch big market movements. The pro traders are making a huge profit just by executing the trades during the high impact news. Those who are new to the trading industry might not understand why news trading strategy is so profitable. But there is nothing to worry about. We will make everything clear and even give you a clear guideline to trade the major news like a pro trader.
The price movement of any financial instrument is nothing but the outcome of the global economic effect. If you can analyze the fundamental factors of the market, you can easily secure a big profit by trading the high impact news. In order to trade the major news release, you must trade the market a balanced trading strategy. Let’s learn the perfect way to trade the high impact news.
Learn to analyze the fundamental factors
You can’t trade the high impact news based on technical data. You need to master fundamental analysis to find the potential trade setups. Being a new trader in the Forex market, you need to understand the key facts of investment business. Unless you know the proper way to deal with the market volatility, you should never try to trade the high impact news. Once you develop the basic skills to interpret the major news release, it’s time for you to develop a 1-minute news trading strategy. Let’s dive in.
Find the key support and resistance level
Before you start to trade the high impact news, you need to find the key support and resistance level. Once you have spotted the key trading zones in the chart, you need to switch to the lower time frame. Since you will be trading the market in the 1-minute time frame, it’s imperative that you learn more about support and resistance level trading strategy. In the 1-minute time frame, you will never get any major support and resistance level. So, if you find the key trading zones in the higher time frame you can easily spot the best entry point in the lower time frame.
Use the price action confirmation signal
Being a new trader, you need to learn more about the best introducing broker program. Smart traders prefer broker like Juno Market since they can easily execute quality trades without having any trouble. Once you have access to a premium trading platform, look for potential price action confirmation signal in the lower time frame. Since you will be trading the 1-minute time frame, you need to understand the other important variables of the market. Instead of trading the market using a single candlestick pattern it’s better to focus on multiple candlestick patterns. Learning the details of multiple candlestick pattern trading strategy might seem hard but over a period of time, you can easily develop these skills.
Trade with managed risk
Once you learn to trade the 1 minute time frame using the price action confirmation signal, it’s time for you to learn money management. You might have the best trading system in the world but without having the right skill, you are most likely to lose your money. No matter how well you understand the fundamental details of this market, you should never risk more than 1% of your account balance in a 1-minute time frame trading system. Always remember, lower time frame trading is often considered as the riskiest trading strategy in the world. You can’t afford to make the same mistake again and again. Blindly follow the rules of money management since it will protect your trading capital in the long run. Keep on learning new things about this market so that you can fine-tune your trading strategy and make significant progress in your Forex trading career. Always remember, losing or winning doesn’t really matter as long as you trade with proper money management.
The price movement of any financial instrument is nothing but the outcome of the global economic effect. If you can analyze the fundamental factors of the market, you can easily secure a big profit by trading the high impact news. In order to trade the major news release, you must trade the market a balanced trading strategy. Let’s learn the perfect way to trade the high impact news.
Learn to analyze the fundamental factors
You can’t trade the high impact news based on technical data. You need to master fundamental analysis to find the potential trade setups. Being a new trader in the Forex market, you need to understand the key facts of investment business. Unless you know the proper way to deal with the market volatility, you should never try to trade the high impact news. Once you develop the basic skills to interpret the major news release, it’s time for you to develop a 1-minute news trading strategy. Let’s dive in.
Find the key support and resistance level
Before you start to trade the high impact news, you need to find the key support and resistance level. Once you have spotted the key trading zones in the chart, you need to switch to the lower time frame. Since you will be trading the market in the 1-minute time frame, it’s imperative that you learn more about support and resistance level trading strategy. In the 1-minute time frame, you will never get any major support and resistance level. So, if you find the key trading zones in the higher time frame you can easily spot the best entry point in the lower time frame.
Use the price action confirmation signal
Being a new trader, you need to learn more about the best introducing broker program. Smart traders prefer broker like Juno Market since they can easily execute quality trades without having any trouble. Once you have access to a premium trading platform, look for potential price action confirmation signal in the lower time frame. Since you will be trading the 1-minute time frame, you need to understand the other important variables of the market. Instead of trading the market using a single candlestick pattern it’s better to focus on multiple candlestick patterns. Learning the details of multiple candlestick pattern trading strategy might seem hard but over a period of time, you can easily develop these skills.
Trade with managed risk
Once you learn to trade the 1 minute time frame using the price action confirmation signal, it’s time for you to learn money management. You might have the best trading system in the world but without having the right skill, you are most likely to lose your money. No matter how well you understand the fundamental details of this market, you should never risk more than 1% of your account balance in a 1-minute time frame trading system. Always remember, lower time frame trading is often considered as the riskiest trading strategy in the world. You can’t afford to make the same mistake again and again. Blindly follow the rules of money management since it will protect your trading capital in the long run. Keep on learning new things about this market so that you can fine-tune your trading strategy and make significant progress in your Forex trading career. Always remember, losing or winning doesn’t really matter as long as you trade with proper money management.
