Forex daily forcast

What is Forex News Trading And Why Is It Forex daily forcast To You, As A Forex Trader? Forex News Trading, or Fundamental News Trading, is the primary driver of currency markets. Forex market is driven by high impact news events, and by understanding how to take advantage of these events, you can increase your profitability and avoid costly mistakes. The key, of course, is the term Surprise.

Forecast or Consensus: This is a figure derived from a survey of economists, usually done by news agencies such as Reuters or Bloomberg. This Forecast number, represents what the market expects the release to be. Previous or Past: This is the actual figure for the previous month. Sometimes market looks at the current Forecast versus the Previous release to gauge improvement. This figure is also important because sometimes we will get a revision, or modification of the past release, which could also surprise the market. Actual Release Figure: This is the actual release of the news from official sources. If this figure is different from the Forecast number, then we have a Surprise that is definitely market moving.

And News Trading takes advantages of this surprise. Of course, depending on the actual release, we could get a little surprise, or a HUGE SURPRISE. It all depends on the deviation, which is the difference between the actual release and the forecast figure. Deviation is simply the difference between the Actual and the Forecast figure. The deviation is determined by looking at historical data of the past five years. In other words, study every NFP releases for the past 5 years and look for market movements of at least 70 pips after the news release. Important Note: In the example above, I decided to go with GBPJPY instead of USDJPY as both pairs react to the news in the same direction, but GBPJPY usually moves more due to the volatility of GBP.

This is advanced news trading based on experience and my special trading methods. Watch the video below for more information and don’t forget to read my news trading startup guide. Hi herry lue I use ctrader platform for trade , do you have cnt ea for this platform? At this moment it is not available.

But as I have been saying, we are working on a newer version and hopefully we will launch it soon. I think the whole lots of these information , has played a great significant correction to my newer style of fundamental analysis. This is one of the reasons we use CNT EA to trade spikes. CNT EA immediately cancels the 2nd order when the 1st one is picked up, which is difficult to do if you were trading it manually.