Forex Toolkit

1 Minute Forex News Trading Strategy-Learn How to Trade Forex Currency News

Hello Traders,

The 1 minute forex news trading strategy is another strategy where you can use to trade currency
news.

Every month , the currency market has market moving news they are announced from interest rate
decisions, to non-farm payroll to employment rates etc.

When this news come out with their figures or numbers, the currency market responds to these so if
you like to trade news announcement, you may like to try this strategy.

Timeframes: 1 minute ( but you can also use 5minutes and 15 minutes as well)

Currency Pairs: EURUSD, GBPUSD, USDJPY, AUDUSD, NZDUSD, USDCHF

Forex Indicators: None required

BACKGROUND FOR THIS TRADING STRATEGY

With this news trading strategy, you wait until the news is announced and see what the figures are.
You let the initial market reaction take its course but you are looking for a signal to enter when the
marketreverses temporarily allowing you to get a good entry.

For example, the Reserve bank of Australia announces an interest rate increase from 3 to 3.25 %

The reaction to this type of news will see the Australian dollar increasing in hundreds of pips in
minutes.

But with this system, you are not jumping in the initial rush. You also do not trade the breakouts.
You just wait for the price to settle down a bit and that’s when you enter.

Where to get the forex news and dates they are scheduled to be released? Over at
forexfactory.
TRADING RULES
1. Head over to forexfactory.com and see what time the news is scheduled to be
released.
2. A few seconds after the news is released, refresh the forexfactory page so that
you will see the figure(s) of the news.
3. if the news is good for the base currency, price will shoot up, if its bad, price will
fall down.
4. switch to the 1 minute timeframe (if you are using that) and watch the
candlesticks highs or lows.
5. For A Buy setup, if the news is good and currency shoots up, you will see the 1
minute candlesticks making new highs and higher low. Then price will start to
reverse and what you will see is that the highs will be lower and the lows will be
lower than the previous candlesticks.
6. You buy signal will be when a candlestick breaks the highs of the previous
candlestick. You immediately buy at market price.
7. Set your stop loss at 15 pips and set your take profit target at 45 pips (3 times
what your risked).

FOR MORE INFO:

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