Trading The News In Forex 2020 | What To Do After News Release
If you want to trade based on the news results, what should you do during and after the news release? Should you wait around 15 minutes? And then how do you know whether the result is good to buy or sell?
These questions flows in the mind of so many traders.
I’d avoid trading the news altogether but I know you wont so I’ll give you a tip – in Forex they always say the first price is wrong.
By that I mean the first print after the news comes out – ignore it or better still anticipate it will go the other way
I have traded this way a few times after NFPs – its not my style really – but often I’d do it on Fridays when those numbers come out.
My advice is watch a few times what happens around big news announcements first though.