No reason to lose money in Forex

There is no reason to loose money in Forex


Most of the writers / traders said that only few traders can make money from trading. Is that true ? How can you loose money while there are so tool which can help you beat the trading !.

If you are still newbie there is still new chance for you to make a lot of money after reading this article. I’ll try to help you as long sa you follow the rule. That’s all. Simple.

Technical Analysisis the biggest aspects that influences the trader’s mind and decision when start trading. Thousands of indicators even strategies and tricks can be easely found in many forex forums but only few make money ? Right. Why do you fail using technical indicators ? The answer is because technical indicators can not beat NEWS or Fundamental Analysis.

It means that fundamental news will destroy all your technical indicator or strategy, this is what so many traders forget when begin trading. They use technical indicators by not knoming fundamental analysis..
Herewith I will try to take a take a look at fundamental / news affects to your trading. So if you feel that you always loose your money , try just to follow this methode.
Every week there are some NEWS that will affect the price that you must know. They are :

1. NON FARM PAYROLL
2. TRADE BALANCE
3. INTEREST RATE STATEMENTS
4. DURABLE GOOD
5. PRODUCER PRICE INDEX
6. PPI excl. FOOD AND ENERGY
7. CONSUMER PRICE INDEX
8. CPI excl. FOOD AND ENERGY
9. TRICHET, BERNANKE, & FUKUI SPEAKS
10.UNEMPLOYMENT RATE

1.NON FARM PAYROLL
Remarks :
# Pip : 100 – 200 pips
# Country : USA
# Currencies : all USD pair

2. TRADE BALANCE
Remarks :
# Pip : 70 – 120 pips
# Country : USA
# Currencies : all USD pair

3. INTEREST RATE STATEMENTS
Remarks :
# Pip : >100 pips
# Country : ALL
# Currencies : all pair

4. DURABLE GOOD
Remarks :
# Pip : 50 - 100 pips
# Country : ALL
# Currencies : all pair

5. PRODUCER PRICE INDEX
Remarks :
# Pip : 50 - 60 pips
# Country : ALL
# Currencies : all pair

6.PPI excl. FOOD AND ENERGY
Remarks :
# Pip : 50 - 100 pips
# Country : ALL
# Currencies : all pair

7.CONSUMER PRICE INDEX
Remarks :
# Pip : 50 - 100 pips
# Country : ALL
# Currencies : all pair

8.CPI excl. FOOD AND ENERGY
Remarks
# Pip : 50 - 100 pips
# Country : ALL
# Currencies : all pair

9.TRICHET, BERNANKE, & FUKUI SPEAKS
Remarks
# Pip : 30 - 100 pips
# Country : E-12, USA, & JPN
# Currencies : EURO, USD, & JPY

10.UNEMPLOYMENT RATE
Remarks
# Pip : 30 - 50 pips
# Country : ALL
# Currencies : all pair


All the above news can be seen in this following site, It is clearly explained what news to be reased in the week and we have to bookmark this page to make us easier to look at the News everyday.

http://forexfactory.com/index.php?page=calendar


How can we start trading the news ?

TIPS 1 : NON FARM PAYROLL (NFP)
The Great in Forex Tradding

Check your calendar news this month , you don’t have to take care of what news to be released. Just remember that Every Friday of each month the avove news will be released at 12.30 GMT .

The effect of this news is really big (100 -200 pis) only in a few minutes. So lets try to put the TRAP against the price direction.

Strategy

- Before the news realesed, do not trade, but just
be prepared to trade on Brit / USD.

- 30 minutes before the news, open your
Metatrader ( Your chart station) with 30
minuts chart.
- Look at current price .
- BUY STOP at 30 pips above current price,
(example current price is 1.9050, so you put BUY STOP at 1.9080)

- At the same time SELL STOP at 30 pips below
current price, , (example current price is 1.9050, so you put
SELL STOP at 1.9020)

- Cancel one of them it the price starts touching the
charts.

- Set Take profit 100 pips
- Set trailing stop 15.

Trading on this news once a month will make you profit at least 100 pips without technical analysis. What yoy want to see is the schedule for that news on every month of the firs Friday.

For the other news you can do the same thing, and I am sure that every week you will make good profit whithout technical analysis that usually make traders confused and finally loose the trade.


Happy trading.

Note :
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