TRADING IN NEWS💬
Binomo traders have an Economic calendar — a tool to profit from global events. It contains information about the news, the assets it can affect, and the probable type of affection.
Trading on the news can be a very beneficial strategy for any asset. Here’s an example of how to use it:
1️⃣ . Visit the Calendar section and choose one of the upcoming events marked as important. It’s better to select a report that will be released in 1-2 hours
2️⃣ . Learn the event details. Knowing the economic indicators is necessary to make the right forecast
3️⃣ . Choose a currency pair that can be affected by the news — rise or fall due to the release of data. We prefer doing that shortly before the news comes out and selecting the most profitable asset it can affect
4️⃣ .Make a forecast. Check the values in the Previous and Forecast fields
5️⃣ . Make a trade. If the Actual value is higher than the Forecast, it can be a good signal for the asset price — you can expect a rise
Happy trading‼️
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Binomo traders have an Economic calendar — a tool to profit from global events. It contains information about the news, the assets it can affect, and the probable type of affection.
Trading on the news can be a very beneficial strategy for any asset. Here’s an example of how to use it:
Happy trading
