HOW TO INTERPRETE THE NEWS TO MAXIMIZE PROFIT TECHNICALLY

In the Forex reports there are 3 statistics to make use of:

ü Previous

ü Forecast

ü Actual

When the Actual outcome is greater than the Forecast outcome it means a more positive situation for the country’s economy. So you go long in agreement with Moving Average Crossover prediction of the Price. On the contrary, the opposite occur when the actual outcome is lesser than forecast digits. This indicates a negative economic situation for that economy, so you will go short in agreement with Moving Average Crossover prediction of the Price.

In a situation where there is equal outcome you stay out of the trade and wait for the next high impact economic report.

It is worth mentioning that you need   to take into consideration the variance in the statistics released so as to have a desired result. If there is a wide difference in figure released reversal is sure to set in and mop up the gains, so the market will not trend well as expected.

Do not stay more than Fifteen minutes on the trade even if the trade failed to hit your targets of 100pips, close it up and keep your profit.


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