How to Trade a News Breakout
Download: How to Trade a News Breakout (pdf)
Chris Capre discusses a breakout strategy to employ when trying to trade Forex news events.
It is important to have specific methods when trading such events because of volatility and the unique order flow surrounding them. If a trader is going to trade a news event in the Forex markets, we recommend that they pick the most significant of all economic events. This list would include 1) Announcements from Central Banks such as the Federal Open Market Committee, European Central Bank, Bank of England, Bank of China etc.
3) Fed Minutes Meeting