π What is news-based trading?
News-based trading is a strategy where traders use significant economic and political events to predict market movements and profit from price fluctuations.
β Pros: High volatility offers opportunities for quick profits; information is available through the economic calendar.
β Cons: Risk of unexpected market reactions, short-term fluctuations, and slippage.
How to interpret news?
β«οΈUse the economic calendar and technical analysis for accurate predictions.
Key strategies:
β«οΈTrading before/after news.
β«οΈUp/Down: Open Up options if the news is positive, and Down if the news is negative.
β«οΈMonitor key events for trading in high volatility conditions.
π₯ How to minimize risks and profit from news? Learn more in our blog! Read the article