One strategy for trading the Forex market consists of watching for price movement when economic reports are released. If there is a significant difference between the expected report and the actual report, there can be a huge jump in prices.
Trading economic news reports can be profitable if you have studied the historical market reactions to the specific reports and are set up with a very fast order placement system and very fast source for news.
Often brokers will increase their spreads at the point of major economic news due to the increased volatility. All these factors make it difficult to consistently beat the market news trading.
We have found an alternative way that is profitable to trade the news that avoids the previously mentioned difficulties.
This simple system made $230 per day, trading just one day per month over the last 4 years!
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